Binance, once embroiled in major regulatory scrutiny, is now shifting its focus towards advising governments and sovereign wealth funds on establishing national Bitcoin reserves. Binance CEO Richard Teng revealed that the exchange has received numerous approaches from these entities regarding creating their own crypto reserves and shaping digital asset regulations. He stated, “We’ve had quite a few approaches by several countries and sovereign wealth funds regarding the establishment of their own cryptocurrency reserves.” Further, Binance is assisting nations in developing regulatory frameworks for cryptocurrencies. This shift comes as the U.S., under President Trump, has increasingly expressed support for crypto and plans to create a national crypto stockpile. Teng suggests this trend has inspired other countries to follow suit. While he did not disclose the names of these countries involved, Binance has been approached by multiple of them. The company’s recent restructuring follows a period marked by heavy regulatory pressure. In 2023, Binance pleaded guilty to U.S. criminal charges related to money laundering and sanctions violations, paying over $4.3 billion in penalties. Binance co-founder Changpeng Zhao served prison time and stepped down. Binance agreed to retain independent compliance monitors as part of its settlements with U.S. prosecutors and FinCEN. A recent report by the Wall Street Journal reveals that Binance executives have sought to influence the removal of a monitor overseeing their anti-money laundering compliance, though the outcome remains unclear.