Binance Settles with U.S. Regulators; Former CEO Pleads Guilty
• DOJ, CFTC, and Treasury announced $4.3B settlement with Binance and guilty plea from former CEO CZ • CZ pleaded guilty to violating Bank Secrecy Act, now required to file suspicious activity reports • Crypto market prices fluctuated as traders digested news of enforcement action • Despite news, Binance users not rushing to exit platform or centralized exchanges • Crypto community views settlement as allowing industry to move forward positively