Binance Founder and CEO Changpeng Zhao believes clear regulations will help accelerate crypto adoption.

“Having regulatory clarity will actually ease adoption,” Zhao, the chief of the world’s largest cryptocurrency exchange, told Yahoo Finance LIVE in an exclusive interview. “I think for the mainstream users, 95% of users that are not in crypto yet, having regulation will ease them into crypto.”

Zhao wrote in an op-ed published on Yahoo Finance that “while some in the industry might say that working to advance regulation goes against the ethos of cryptocurrency and blockchain, I would argue that a stable regulatory environment can only support innovation and is essential to establishing trust in the industry, leading to long-term growth.”

When asked whether Binance is in talks with the Securities and Exchange Commission to register, Zhao said Binance is talking with many officials.

“[Binance] is talking with all regulators at the same time,” said Zhao. “I don't know the specific details of those dialogues.”

At the same time, Zhao said he believes classifying all of cryptocurrencies as securities is “a bit simplistic,” countering arguments made by some government officials.

“I think that's a more of a simplistic view, very similar to the early day of the internet,” Zhao said. “People ask is the internet a radio, a magazine, or something else? It is a magazine, radio, and many other things. I don’t think we can look at this as one asset class.”

Zhao noted there are many different types of cryptocurrencies with some resembling currencies and others coming closer to other asset types.

“We could clearly point to many different tokens that are not securities,” he said.

SEC Chair Gary Gensler has repeatedly implored crypto firms to register proactively with the agency, saying the “vast majority” of cryptocurrencies are securities based on how tokens are used with the expectation of generating profits. That means many crypto intermediaries — including exchanges and broker dealers — are transacting in securities and have to register with the SEC in some capacity, according to Gensler.