At the moment, the token is trading at $954.92.
Binance Holdings Ltd., the world’s largest centralized crypto exchange, is in talks with the US Department of Justice about revising the terms of its $4.3 bln settlement signed in 2023. According to Bloomberg sources, discussions include removing the requirement to appoint an external compliance monitor, which was initially meant to remain in place for three years.
Talks With DoJ
Federal prosecutors are considering replacing monitoring with enhanced compliance reporting. A decision has not yet been made, but this could become part of the department’s broader policy of reducing the number of independent oversight appointments, a policy introduced after Donald Trump’s administration took office.
Earlier, the Department of Justice had already declined to impose external monitoring on three companies that entered into agreements with regulators. However, oversight was retained for the US unit of Toronto-Dominion Bank and extended for Balfour Beatty Communities LLC until June 2026.
Context of the Binance Case
In 2023, Binance agreed to pay $4.3 bln, making it one of the largest corporate settlements in US history. In addition to the fine, the company was required to accept two external monitors — one from the Department of Justice and one from the Financial Crimes Enforcement Network (FinCEN). Oversight by FinCEN remains in place.
Binance founder Changpeng Zhao, who served a four-month sentence under the agreement, said in May on a podcast that he was hoping for a pardon from President Donald Trump. According to Bloomberg, Binance also participated in the development of a stablecoin issued by World Liberty Financial Inc., a company connected to the Trump family.
Political Support for the Industry
The cryptocurrency industry actively supported Donald Trump during his election campaign, contributing millions of dollars to lawmakers friendly to the sector. After taking office, Trump appointed agency leaders favorable to the crypto market and issued orders expanding the industry’s access to banking services.
Under his administration, the Securities and Exchange Commission (SEC) suspended or closed a number of investigations into crypto companies, including Binance.
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