Binance's $4.3B settlement monitor might disappear - what it means for your crypto
Key Points
- The DOJ is reconsidering its compliance monitor for Binance,...
The Department of Justice is apparently having second thoughts about babysitting Binance through its $4.3 billion settlement agreement. After making the crypto giant admit to anti-money laundering violations back in 2023, the DOJ is now considering whether their appointed compliance monitor is actually worth the paperwork.
Matthew Galeotti, head of the DOJ's Criminal Division, has been questioning whether these mandatory monitors are more expensive theater than effective oversight. It's like hiring a personal trainer who costs more than your gym membership but still lets you eat donuts for br...
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