Binance’s new CEO Richard Teng recently held an AMA on the X platform. Regarding the recent fines, Teng said that Binance’s financial position is stable and these fines will not affect the company’s development. Binance will continue to maintain high standards for the listing of new projects, focusing on compliance and community participation. He also proposed three priorities that he will focus on: First, continue to drive the development of the business and ecosystem as a user-centric organization. Second, as the crypto space will face more regulation, he promised to push for regulatory clarity to promote the development of the entire industry. Third, work with partners to promote the application and popularity of cryptocurrency. He also talked about how cryptocurrencies are changing people’s lives globally, especially in developing and frontier economies, by providing low-cost financial services.