Richard Teng, the newly appointed CEO of Binance, is excited to lead the world's largest cryptocurrency exchange despite the recent $4.3 billion settlement with the US Justice Department. Teng admits that compliance gaps during Binance's early growth led to the violations resulting in the settlement, but assures that user funds, security, and safety have always been a top priority. Binance is now focused on compliance and has invested in hiring regulatory experts to navigate requirements in different jurisdictions. Binance has also established regional headquarters in the UAE and France, with the UAE being an attractive location due to its clear regulations and institutional adoption.