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Binance CEO: Has Engaged with Many Countries to Assist in Establishing Cryptocurrency Regulatory Frameworks and to Help Some Countries Build Strategic Reserves

BlockBeats News, April 17th, Binance CEO Richard Teng told the Financial Times that under President Trump's leadership, the United States has taken a more crypto-friendly stance, including plans to establish a digital asset regulatory framework and national reserves, which is stimulating other countries to take similar actions. Binance has been in contact with many countries, hoping to assist them in formulating cryptocurrency regulatory frameworks. However, he refused to disclose the list of countries collaborating with the company.


Richard Teng stated that Binance is currently helping some countries establish national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work and will continue to invest heavily in this area.


Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder CZ has begun advising them on developing crypto regulations and using blockchain technology.

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Her personal narrative is almost intertwined with the company's entire ups and downs.
1. The BUILDon (B) project became a focal point in the on-chain space in May, receiving support from the Trump family's crypto fund WLFI. It was listed on Binance Alpha and its contract went live, with a market capitalization rising to around $400 million and an all-time high (ATH) of $470 million. 2. The United States is advancing cryptocurrency industry legislation through national efforts, including the "Federal and State Bitcoin Strategic Reserve Act," the "Stablecoin Act," and the "Digital Asset Market Structure and Investor Protection Act." These acts will drive financial innovation, enhance capital efficiency, and improve asset composability. 3. WLFI (World Liberty Financial) is a DeFi protocol established by the Trump family, with its core operations including the issuance of the stablecoin USD1 and the establishment of a governance platform. USD1 has reached a market capitalization of $21 billion, making it the world's seventh-largest stablecoin. 4. Binance has maintained a leading position in the cryptocurrency market through Binance Alpha and the BNB Chain. Through a mutually beneficial partnership with WLFI, USD1 has become Binance's official stablecoin and was used to complete a $2 billion investment from MGX to Binance. 5. The B project stands at the strategic intersection of WLFI and Binance, representing the largest trading pair for USD1. WLFI and Binance are jointly driving the global expansion of USD1, with B's market capitalization and influence poised to reach new heights.
For the crypto market, CZ stated, "I won't buy TRUMP, Bitcoin may reach $500,000 this cycle."
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