Changpeng “CZ” Zhao, founder of Binance, said that new U.S. banking rules could significantly expand international access to crypto-related financial services. This statement was made on the social media platform X.
“It used to be that corresponding banks in the US block transactions involving crypto (fiat for buying crypto,” said Zhao. “This opens banking for crypto internationally.”
In August 2025, President Trump issued an executive order aimed at ending “ideological debanking” of politically or technologically disfavored industries, including cryptocurrency firms. The order directs agencies such as the Treasury and the Federal Deposit Insurance Corporation (FDIC) to prohibit banks from denying services based on subjective reputational concerns. According to Reuters, it mandates regulators to enforce access to financial services using objective, risk-based standards, particularly benefiting digital asset companies.
According to Axios, testimony before the Senate Banking Committee in late 2024 revealed that over 40 U.S. banks denied services to Anchorage Digital due to internal “no-crypto” policies. CEO Nathan McCauley said that even federally chartered crypto institutions struggled to access basic banking, highlighting systemic bias against digital asset firms. The testimony supported calls for regulatory action to prevent banking discrimination.
AInvest reported that institutional adoption of cryptocurrency surged after the U.S. approved spot Bitcoin Exchange-Traded Funds (ETFs) in early 2025, with a 22.9% increase in ETF participation during the first quarter. As covered by FN London, crypto investment products saw $30 billion in inflows by mid-July 2025, reflecting growing institutional confidence in regulated crypto instruments. These figures mark a clear upward trend following ETF approval.
According to Forbes, Changpeng Zhao is a visionary entrepreneur who founded Binance in 2017 and quickly grew it into the world’s largest cryptocurrency exchange by trading volume. He is widely recognized for his leadership in advancing blockchain technology and promoting financial inclusion globally, making him one of the most influential figures in the crypto industry. Zhao’s innovative strategies and commitment to expanding crypto accessibility have earned him a reputation as a pioneer in digital finance.
