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BNB has soared to a new all-time high (ATH) after Bloomberg reported that the US Department of Justice (DOJ) is considering dropping a compliance monitoring requirement that was imposed in 2023 as part of a $4.3 billion settlement. BNB has pulled back since but is still up over 2% at 3:27 a.m. to trade at in $954.96, according to CoinMarketCap .  BNB price (Source: CoinMarketCap)  Federal Prosecutors Weigh Dropping Binance Compliance Requirement  US federal prosecutors are currently in discussions with the exchange regarding a requirement to maintain an outside compliance monitor, Bloomberg reported, citing sources familiar with the matter.  The compliance requirement was part of a November 2023 plea deal between Binance and US prosecutors.  Binance was alleged to have operated with weak anti-money laundering (AML) and sanctions compliance controls. US prosecutors argued that the exchange platform processed transactions performed by criminals, sanctio...

Eric Balchunas, a senior ETF analyst at Bloomberg , says that we are as close as ever to official approval of Spot Bitcoin ETFs in the US. Balchunas says that the SEC is giving their final comments to issuers on their applications, and the multiple applicants will submit their final 19b-4s and S-1s after comments. JUST IN: 🇺🇸 Spot #Bitcoin ETF approval is as close to done as we've been, Senior Bloomberg ETF analyst says. — Watcher.Guru (@WatcherGuru) January 4, 2024 It is unclear which ETF applicants will be the first to have their ETFs approved, as many issuers are looking for approval. Investment/asset managers such as Fidelity, BlackRock, and Grayscale are among the applicants for Spot Bitcoin ETFs. Furthermore, multiple applicants have begun submitting their registrations of securities with the SEC, alerting investors that the first approvals may be close. Also Read: Valkyrie Files Registration of Securities With SEC For Bitcoin ETF Is Spo...