- Binance, DOJ in talks to end monitorship early, replacing it with stricter reporting rules.
- News drives BNB to record $950+, reflecting renewed investor confidence in Binance’s outlook.
- Easing U.S. crypto enforcement and CZ’s pardon bid add momentum to Binance’s market rebound.
Binance is reportedly in advanced talks with the U.S. Department of Justice (DOJ) to remove a compliance monitor imposed during its $4.3 billion settlement in 2023. News of the potential deal has sent Binance Coin (BNB) soaring to a record high above $950, signaling renewed market confidence.
DOJ Reconsiders Compliance Oversight
Binance is negotiating with the U.S. Department of Justice (DOJ) to end the requirement of an external compliance monitor. According to Bloomberg, federal prosecutors are discussing whether to lift the condition imposed during the 2023 settlement.
The settlement required Binance to pay $4.3 billion and retain an independent monitor for three years to strengthen compliance. The oversight was part of an agreement after violations related to the Bank Secrecy Act (BSA) were found.
While discussions are ongoing, no final decision has been made. The monitorship is scheduled to continue until 2026 unless lifted early. Reports suggest Binance may need to adopt enhanced reporting obligations before oversight can be removed.
Market Reaction and Broader Context
Following the report, Binance Coin (BNB) surged past $950, reaching a new all-time high. Data from CoinMarketCap shows the token rose over 3% in 24 hours, with additional gains linked to the news. The move comes amid broader regulatory changes under the Trump administration.
The DOJ has reportedly ended other monitorships, while the SEC and CFTC are easing enforcement on several crypto firms. Enforcement actions against Coinbase, Uniswap, and Binance have been dropped in recent months. Binance co-founder Changpeng Zhao (CZ) stepped down in 2023 and served a four-month prison sentence.
He has since applied for a presidential pardon, with Polymarket data showing a 55% chance of success. Market analysts suggest optimism over a possible pardon and a potential U.S. return is boosting BNB demand. The 2023 settlement applied to Binance’s global operations, not Binance.US. If approved, the deal could mark a new stage in Binance’s compliance strategy while reducing regulatory burdens on the exchange.
