Binance is reportedly close to securing a deal with the U.S. Department of Justice (DOJ) that would end the compliance monitorship imposed under its 2023 plea agreement, according to Bloomberg.
The compliance monitorship, imposed in 2024 as part of Binance’s $4 billion plea deal over anti-money laundering and sanctions violations, required the exchange to grant full access to its records and compliance systems to Forensic Risk Alliance (FRA), a forensic accounting consultancy tasked with oversight and recommendations.
The agreement also forced founder Changpeng Zhao to step down and serve prison time, with Zhao later confirming he is seeking a pardon. According to Bloomberg, Binance is now negotiating an early end to the monitorship, though the DOJ would likely demand stronger compliance reporting first a decision that could relieve one of the heaviest regulatory constraints still hanging over the world’s largest crypto exchange.
The possible early end of DOJ oversight would mark a turning point for Binance, which has spent years battling regulators across multiple jurisdictions. But it would also reignite debate over whether the crypto giant has done enough to clean up its compliance record after one of the largest enforcement actions in the industry’s history.
BNB rallies to new highs
Meanwhile, Binance’s native token, BNB, has surged to a fresh all-time high, drawing renewed attention from traders. The rally has fueled speculation that BNB could be eyeing the $1,000 mark next, tying market momentum directly to expectations that Binance may soon shed one of its most significant regulatory burdens.
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