00:00It's Benzinga bringing Wall Street to Main Street.
00:02Analysts say Trump's partner to Binance founder Shang-Peng Zhao could reshape the crypto
00:06landscape, both regulatory and competitive fallout, according to WIRED. Analysts warned
00:11that if Democrats regain power in future elections, they may retaliate against the
00:14crypto industry with tighter regulation and reduced political support. Nick Carter of
00:18Castle Island Ventures said Trump's policies have benefited crypto, but criticized the
00:23administration's disregard for ethical concerns and the active industry involvement of Trump's
00:27sons. White House denied any conflicts of interest involving Trump or his family, though
00:31Zhao's record was clear. Binance remains bound by its plea deal barring U.S. operations, according
00:36to legal experts. Government can still release Zhao and Binance from these obligations, which
00:40could let the exchange re-enter the U.S. market. Industry figures warned that Binance's global
00:44scale, handling roughly $22 billion in daily trades, far surpassing Coinbase, poses a major
00:50threat to U.S. rivals.
00:52For all things money, visit Benzinga.com.
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