$TRX Binance, under CEO Richard Teng, is now advising governments on cryptocurrency regulations and digital asset reserves, as reported by the Financial Times. Teng mentioned that many countries have sought Binance’s help in shaping crypto policies, though he didn’t name them. He noted the U.S. is more advanced in crypto regulation but highlighted challenges due to unclear policies under Presidents Trump and Biden.

This comes after Binance’s 2022 guilty plea to U.S. money laundering charges, with the company still under a five-year compliance monitor. Meanwhile, former CEO Changpeng Zhao (CZ) has been advising countries like Pakistan and Kyrgyzstan on blockchain strategies to boost economic growth and digital transformation.

The U.S. recently announced plans for a Bitcoin reserve, initially using seized assets, which crypto supporters see as a symbolic step toward recognizing digital assets as sovereign holdings. Binance’s efforts reflect its push to shape global crypto regulations despite past legal issues.