The post Sen. Warren Presses DOJ on Binance’s Compliance With $4.3B Settlement appeared on BitcoinEthereumNews.com.

Senator Elizabeth Warren and fellow Democrats are pressing the Justice Department for clarity on whether Binance is adhering to its 2023 plea deal over sanctions and money-laundering violations. Lawmakers Seek DOJ Clarification Senator Elizabeth Warren, alongside Senators Mazie K. Hirono of Hawaii and Richard Blumenthal of Connecticut, has demanded answers from the U.S. Department of Justice (DOJ) regarding Binance’s compliance with its $4.3 billion settlement reached last year. The senators addressed a letter to Attorney General Pam Bondi, citing reports that the DOJ may be considering easing certain obligations imposed on the exchange. The lawmakers asked the DOJ to confirm whether Binance is fully complying with its “ongoing requirements” under the agreement. They also sought details about any interactions between the crypto exchange and members of the Trump administration. Background on the 2023 Settlement In November 2023, Binance admitted to violating U.S. sanctions, failing to implement sufficient anti-money-laundering protections, and operating without proper licensing. The deal required the company to pay $4.3 billion in penalties, accept strict compliance oversight, and install monitors appointed by the Treasury and Justice Departments. Founder Changpeng “CZ” Zhao pleaded guilty to Bank Secrecy Act violations, stepped down as CEO, and served a short prison sentence as part of the plea arrangement. The settlement also mandated that Binance remain under the watch of independent compliance officers. Reports surfaced this week, however, suggesting prosecutors are weighing whether to release Binance from the monitor requirement, which drew sharp criticism from Warren and her colleagues. Lawmakers Question DOJ Response The Democratic senators have been raising concerns since May, pressing the DOJ for details on Binance’s regulatory status, its potential exit from the U.S., and whether oversight obligations remain intact. Their latest letter underscores dissatisfaction with the DOJ’s earlier response. According to the senators, the DOJ previously said that “Binance…

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Filed under: News - @ September 19, 2025 2:29 pm