Richard Teng, the CEO of Binance, one of the world’s largest cryptocurrency exchanges, said that the U.S. Strategic Bitcoin Reserve plays a pivotal role in integrating cryptocurrency into the national financial system during a January 25 interview on CNBC.

In an interview with CNBC International, Teng discussed the future of cryptocurrency in 2025. He highlighted the importance of regulatory clarity, technological advancements, and decentralized finance (DeFi) in shaping the industry's evolution. Teng also emphasized Binance's commitment to transparency, innovation, and fostering global adoption of crypto technologies.

According to Forbes, the U.S. is exploring a Strategic Bitcoin Reserve under the Trump administration to hedge against inflation and reduce reliance on traditional reserve assets. This move mirrors similar efforts by countries like Switzerland, Brazil, and Russia to adopt bitcoin as a strategic financial tool.

President Trump's "Strengthening American Leadership in Digital Financial Technology" executive order aims to secure the U.S. as a global leader in the digital asset economy by fostering innovation, supporting blockchain technologies, and promoting lawful, dollar-backed stablecoins to protect the sovereignty of the U.S. dollar, according to Global Government Fintech.

Teng has been Binance's CEO since 2023 and previously held leadership roles at the Monetary Authority of Singapore, Singapore Exchange, and Abu Dhabi Global Market. His expertise is in financial services and regulatory compliance, according to Binance’s website.