BNB Hits New All-Time High As Bloomberg Says Binance Nears DOJ Deal To End Compliance Monitoring
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...