Amid a busy week of crypto news—including a surprise Bitcoin rally and a wave of activity from the Securities and Exchange Commission—there was a big development that got largely overlooked. Namely, as the Wall Street Journal reported, Binance has claimed it is on the cusp of a settlement with U.S regulators that will see it pay fines to "make amends" for its many legal transgressions in recent years.
This jibes with what I've heard from someone close to the company, who recently told me that an impending settlement would see Binance resolve not only a long-running Justice Department investigation but also its troubles with other federal agencies as well as state regulators. If this comes to pass, such a sweeping deal would have huge implications for both Binance and the crypto industry.
