The DOJ is weighing removing Binance’s compliance monitor from its $4.3B settlement, as Trump-era crypto rules bring clearer oversight.
DOJ considers lifting Binance’s $4.3B compliance monitor
Binance could get a major reprieve from U.S. regulators. The U.S. Department of Justice (DOJ) is considering lifting a three-year requirement for an independent compliance monitor imposed as part of a $4.3 billion 2023 settlement, Bloomberg reported.
Why this matters
The monitoring covered Binance’s global operations and was part of a settlement following allegations of inadequate anti-money laundering measures. Binance.US was not part of the deal.
Critics have long argued that such external monitors are expensive and hinder business. If the DOJ agrees to the repeal, it would send a big signal to the crypto market as a whole.
DOJ changes tack
Bloomberg notes a trend: In several recent cases, companies have avoided lengthy monitoring — including Glencore, NatWest, and Australia’s Austal. This could signal a new flexibility in the US Justice Department’s approach.
Context: The crypto market in a new policy
The move against Binance coincides with a wave of pro-industry changes in cryptocurrency regulation under President Donald Trump.
In July, Congress passed the GENIUS Act for stablecoins.
The House of Representatives has advanced bills on market structure and a ban on CBDCs.
SEC Chairman Paul Atkins has declared an end to the practice of “regulation by coercion,” promising clearer rules in return.
The CFTC has opened the way for foreign exchanges to work with individual clients in the US through the Foreign Board of Trade program.
Together, this creates a more predictable and conducive environment for the industry, where even giants like Binance can reduce pressure from supervisors.
