At Bitcoin Asia 2025, Binance founder Changpeng Zhao (CZ) emphasized the positive impact of national regulation and institutionalization on the cryptocurrency industry. CZ noted that increased participation from individuals, groups, nations, and enterprises enhances the ecosystem's development. Institutional involvement brings capital, recognition, and credibility, while national cryptocurrency reserves could lead to clearer regulatory frameworks, reducing operational challenges. CZ also highlighted that major cryptocurrencies like Bitcoin, Ethereum, and BNB are nearing all-time highs, reflecting the beneficial effects of regulatory involvement. He argued that a reasonable regulatory framework helps clarify rights and responsibilities, fostering industry growth.