Binance's Growing Influence in Global Crypto Policy

In a significant development, Binance, the world's leading cryptocurrency exchange, is now at the forefront of advising several governments on the formulation of digital asset regulations and the establishment of national bitcoin reserves. This revelation comes directly from CEO Richard Teng, as reported by The Financial Times.

US Policies Fueling Global Interest

Teng highlighted how the United States' more supportive stance under President Donald Trump has sparked increased interest from countries worldwide. The recent directive to create a US strategic crypto reserve has notably accelerated this trend. "We've been approached by quite a lot of governments," Teng remarked, emphasizing the US's leading role in developing a comprehensive framework for cryptocurrencies.

Binance's Expanding Role and Future Plans

Beyond governmental advisory, Binance is also fielding inquiries from sovereign wealth funds interested in digital asset holdings. Teng shared insights into Binance's strategic moves, including the establishment of a global headquarters, and acknowledged the positive impact of recent US policies on the company's operations. The pause in the SEC's probe following Trump's return to office was cited as a key factor in this favorable shift.