Binance and the U.S. Department of Justice Reportedly Close to Reaching an Agreement: BNB Price Soars

Binance is nearing a new agreement to avoid the requirement of an “independent compliance auditor,” one of the most critical conditions of its $4.3 billion settlement with the US Department of Justice (DOJ). According to Bloomberg, Binance, the world's largest cryptocurrency exchange, is in talks with the US Department of Justice to lift the obligation included in the agreement it signed in 2023 to eliminate accusations of failing to prevent money ￰0￱ to sources familiar with the matter, federal prosecutors are considering ending Binance's requirement to retain an outside ￰1￱ development could be one of the latest examples of loosening independent auditing requirements, frequently implemented during the Biden ￰2￱ US Justice Department has previously terminated auditing practices at several major ￰3￱ showing the rise in BNB ￰4￱ News: This Altcoin Announced a Game-Changing Update, and the Price Skyrocketed Binance is taking steps to regain the trust of US authorities following the record-breaking ￰5￱ founder Changpeng Zhao announced in a podcast in May that he would seek clemency from President Donald Trump after completing a four-month prison sentence as part of the ￰6￱ also played a role in the stablecoin project launched by World Liberty Financial, a Trump family ￰7￱ US Department of Justice has reportedly not yet made a final ￰8￱ granted an exemption from the audit, Binance is expected to assume stricter reporting and compliance ￰9￱ US Department of Justice has not commented, and Binance has not responded to questions on the ￰10￱ currently works with two separate auditors appointed by both the DOJ and the US Treasury Department's Financial Crimes Enforcement Network (FinCEN). *This is not investment ￰11￱ Reading: Binance and the ￰12￱ of Justice Reportedly Close to Reaching an Agreement: BNB Price Soars