Binance’s chief executive has hailed Donald Trump’s US presidential win as the start of a “golden era”, as the crypto industry’s confidence soars that the election result marks a turning point in its acceptance in America.

Trump’s success marked a “big win for crypto” that would result in an influx of new US regulators open to digital currencies, Richard Teng told the Financial Times.

Bullish executives anticipate a radical shift in policy in Washington, cheering the end of the Democrat administration which was perceived as more openly hostile to crypto. Binance last year was hit with a $4.3bn fine for anti-money laundering and sanctions violations while its previous boss was jailed.

A year ago the crypto industry targeted…