#binance #hype #zec #near
17/09/25 01:12 UTC-04

BNB price hits new high amid Binance talks with the U.S. Department of Justice

External monitoring was appointed as part of a plea agreement regarding violations of U.S. laws. In November 2023, Binance agreed to pay $4.3 billion in fines, and its founder Changpeng Zhao stepped down as CEO, serving four months in prison.

The Department of Justice’s shift in stance reflects a more flexible approach to using independent oversight and could indicate that the parties will agree on alternative mechanisms for control and reporting that do not require the permanent presence of an external monitor, sources told Bloomberg.

If the DOJ agrees to relax external oversight requirements, this could set a precedent for future cases against crypto platforms and influence industry expectations regarding settlement conditions.

Details of the settlement, including internal control requirements and the format of external oversight or its replacement, are expected to be announced after negotiations conclude.

Earlier, analysts at the on-chain platform CryptoQuant noted that increased trading volume and active investor interest in BNB could push the coin’s price from $856 to $1,360 in the current market cycle.

See also: "Google’s new AI platform supports stablecoins and partners with Coinbase"

#BNB (BNB) #Binance #record

Editor: Pereyidenko Ihor
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BNB has set a new all-time high, surpassing the $1,200 mark. Such rapid growth often raises concerns about market overheating or the formation of a price bubble. However, on-chain data from Binance Smart Chain (BSC) tell a different story — the rally is supported by solid network fundamentals.