Richard Teng, Binance CEO, claimed that the main reason governments’ emerging interest in Bitcoin reserves is them following the lead of U.S crypto agenda agenda, including it’s national Bitcoin reserve

Event date

Apr 17, 2025 - 12:00am

Quotes that support claims

According to Teng, the main reason for governments approaching Binance for help in handling potential strategic reserves is the new crypto-friendly agenda in the US. “Compared to many other jurisdictions, [the US] are way ahead on that front,” the CEO said. Teng referred to key US crypto policy developments, such as discussions around creating a national Bitcoin reserve and digital asset stockpile.

Richard Teng, the firm’s chief executive, told the Financial Times that the US’s more crypto-friendly approach under President Donald Trump, including plans to set up a regulatory framework for digital assets and a national stockpile, was spurring other countries into taking similar action. “Compared to many other jurisdictions, [the US] are way ahead on that front,” Teng said.