Overview

• Binance and federal prosecutors are discussing removing the three-year DOJ-appointed compliance monitor, with no final decision disclosed.
• A separate Treasury/FinCEN monitor over Binance remains in place regardless of the DOJ talks.
• Recent cases suggest prosecutors could require enhanced compliance reporting if the monitor is ended.
• The shift aligns with DOJ guidance questioning the costs and effectiveness of mandatory monitors and follows terminations of monitors at other firms such as Glencore.
• Binance’s 2023 plea deal included a record $4.3 billion penalty and founder Changpeng Zhao’s four-month sentence.