Binance is reportedly negotiating with the U.S. Department of Justice (DOJ) to ease conditions from its 2023 settlement, specifically the requirement for oversight by an independent compliance monitor. If successful, this could significantly reduce the regulatory pressure the exchange has faced over the past two years.
Citing sources close to the matter, Bloomberg reported that the DOJ is considering whether to lift the monitoring provision imposed on Binance. The monitor had been put in place for three years following a $4.3 billion settlement in 2023, which addressed accusations of weak anti–money laundering measures and broader compliance shortcomings.
The agreement covered Binance’s global operations but did not extend to Binance.US, which operates independently within the U.S. legal framework.
Observers note this review could reflect a broader DOJ shift in approach, as similar external monitorships have recently been reduced or removed in other industries. Companies often argue that such oversight is both expensive and disruptive. For instance, Glencore Plc, NatWest Group Plc, and Austal Ltd. have all recently managed to avoid prolonged monitoring under DOJ settlements.
Regulatory Climate Under Trump Seen as More Favorable
Binance’s reported efforts come as the wider crypto sector sees momentum toward clearer and more business-friendly regulations under President Donald Trump.
Key developments include the signing of the GENIUS stablecoin legislation and the House passage of both a comprehensive market structure bill and a measure blocking the rollout of central bank digital currencies (CBDCs).
U.S. regulators are also shifting tone. SEC Chair Paul Atkins recently pledged to move away from “regulation by enforcement” in favor of issuing direct guidance, with liquid staking tokens now largely classified outside of securities law. Meanwhile, the CFTC has opened a new channel allowing overseas crypto exchanges to work with certain U.S. clients through its Foreign Board of Trade framework.
Together, these changes suggest a more predictable landscape for digital asset companies — one in which Binance’s negotiations with the DOJ could mark another turning point for the industry.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
