My stablecoins are on Binance, so I read the news about the DOJ and the $4.3 billion settlement twice)
Tysen Duva, head of the US DOJ’s criminal division, said in an interview that they’re checking whether Binance is complying with the 2023 agreement—the same one where they pleaded guilty.
In September, there were only anonymous sources from Bloomberg, and the DOJ stayed silent. Now the silence is over.
The risk: if the agreement was breached, the old charges could be brought back without a new case.
But no breach has been established.
Duva didn’t say there had been one.
They might close the matter without consequences, or tighten monitoring.
New fines or a case are possible only if they prove a breach.
Who knows how it’ll end.
$BNB I’m holding, leaving my stablecoins in Simple Earn Flexible as they are.
I’ll break down the outcome here when it comes—follow me if you’re also keeping anything on an exchange.
#Binance
Tysen Duva, head of the US DOJ’s criminal division, said in an interview that they’re checking whether Binance is complying with the 2023 agreement—the same one where they pleaded guilty.
In September, there were only anonymous sources from Bloomberg, and the DOJ stayed silent. Now the silence is over.
The risk: if the agreement was breached, the old charges could be brought back without a new case.
But no breach has been established.
Duva didn’t say there had been one.
They might close the matter without consequences, or tighten monitoring.
New fines or a case are possible only if they prove a breach.
Who knows how it’ll end.
$BNB I’m holding, leaving my stablecoins in Simple Earn Flexible as they are.
I’ll break down the outcome here when it comes—follow me if you’re also keeping anything on an exchange.
#Binance