Binance is transitioning from a defendant role to assisting nations in crypto regulation. CEO Richard Teng acknowledges U.S. leadership in digital asset policy under Trump, stating that 25% of Binance’s workforce focuses on compliance. Multiple governments have approached Binance for help with crypto strategies and reserves, indicating a shift in global regulatory alignment.
Binance is currently assisting various nations in developing regulatory frameworks for cryptocurrencies and establishing sovereign digital reserves. This shift comes in light of the company’s past legal issues, including a guilty plea to U.S. criminal charges. CEO Richard Teng stated that a significant portion of Binance’s workforce, approximately 25%, is now dedicated to compliance and oversight initiatives.
According to Teng, numerous governments have sought Binance’s expertise in formulating national strategies for digital assets, particularly concerning Bitcoin stockpiling. This increased engagement reflects Binance’s commitment to improving its compliance efforts and responding to the U.S.’s changing approach to cryptocurrency regulation under the Trump administration.
Teng commended the U.S. for leading the charge in establishing effective digital asset frameworks, suggesting it has set a precedent for other nations to follow suit. Although Teng noted the numerous government inquiries received by Binance for assistance, he withheld specific details about which countries have reached out for support. This development coincides with the U.S.’s plans to advance its national strategic initiatives in the crypto sector.
