Binance Advises Governments on Strategic Bitcoin Reserves Amid U.S. Crypto Push
In a pivotal development that may reshape the global financial landscape, Binance—the world’s largest cryptocurrency exchange—has begun advising multiple governments on the establishment of strategic Bitcoin reserves and crypto regulatory frameworks, according to CEO Richard Teng in an interview with the Financial Times on April 17, 2025.
“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng told the FT, adding that the United States is “way ahead on that front.”
U.S. Leads the Charge in Crypto Policy
Binance’s expanding influence comes on the heels of a major policy shift in the United States, where President Donald Trump signed an executive order earlier this year establishing a Strategic Bitcoin Reserve seeded with BTC confiscated from federal criminal and civil cases. This move has reportedly inspired other nations to explore similar strategies.
Teng emphasized that Washington’s pro-crypto stance has ignited global interest, with many jurisdictions seeking to catch up. “Compared to many other jurisdictions, the U.S. is still way ahead,” he noted.
From Legal Troubles to Global Advisors
Binance’s advisory role marks a remarkable turnaround. In 2023, the exchange faced U.S. criminal charges, pleading guilty to money laundering and sanctions violations. Binance paid over $4.3 billion in penalties, and co-founder Changpeng Zhao stepped down, later serving a four-month prison sentence. The company also agreed to be monitored by independent compliance overseers as part of its settlement with U.S. regulators.
Despite this checkered past, Binance is now helping countries not just with reserves but also with developing tailored crypto legislation, signaling a shift in its global image—from enforcement target to trusted advisor.
