Binance Nears DOJ Deal to Ditch Compliance Monitor—Here’s What It Means for Crypto
Binance cuts a path toward regulatory freedom—negotiations with the Department of Justice could finally remove the compliance monitor imposed after last year's settlement.
The world's largest crypto exchange has been operating under heightened scrutiny since pleading guilty to anti-money laundering violations. Now, sources say they're pushing to end the oversight entirely.
What’s really at stake? Operational agility versus regulatory compliance—because nothing says 'trust us' like trying to shake off your babysitter.
If successful, Binance regains full control over its compliance protocols—no more third-party approvals needed for every move. Traders might see faster product rollouts, but regulators will watch like hawks for any misstep.
Another classic crypto dance: one step toward legitimacy, two steps away from oversight. Wall Street bankers are probably taking notes—and ordering stronger drinks.