The US Department of Justice is expected to announce a settlement deal with cryptocurrency exchange Binance today. The settlement comes after allegations of money laundering and sanctions violations. The press conference, to be held by US Attorney General Merrick Garland, will unveil separate cryptocurrency enforcement actions. It is reported that the settlement will include a fine of over $4 billion for Binance. Negotiations between the DOJ and Binance have also involved the possibility of criminal charges against Binance’s founder and CEO, Changpeng “CZ” Zhao. The Commodity Futures Trading Commission is also said to be part of the settlement deal. The fines and compliance measures against Binance are part of a broader crackdown by US regulators on the crypto industry for non-compliance with anti-money laundering and know-your-customer regulations.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Janet Yellen, Rostin Behnam, Changpeng Zhao, Merrick Garland
Companies	US Department of Justice, Binance, Bloomberg, Treasury Secretary Janet Yellen, Commodity Futures Trading Commission
Currencies	US Dollar
Securities	None