The DOJ is reportedly weighing removal of the independent Binance compliance monitor imposed under a $4.3 billion 2023 settlement, a move that would reduce external oversight of Binance’s global operations if approved and could signal a broader DOJ trend toward limiting long-term outside monitors.
DOJ considering lifting Binance compliance monitor
Monitor was part of a $4.3 billion 2023 settlement addressing alleged compliance failures.
At least three other firms reportedly avoided extended monitors: Glencore, NatWest, Austal.
Binance compliance monitor removal: DOJ considering ending independent oversight of Binance after 2023 settlement — read implications and next steps.
The DOJ is reportedly considering lifting a three-year compliance monitor imposed under Binance’s $4.3 billion settlement.
What is the Binance compliance monitor and why might the DOJ remove it?
Binance compliance monitor refers to an independent overseer appointed under the 2023 $4.3 billion DOJ settlement to assess Binance’s anti-money-laundering and compliance programs. The DOJ is reportedly reviewing whether to end that three-year monitor early, which would reduce external scrutiny of Binance’s compliance controls.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
How is the DOJ review proceeding and what sources report it?
Bloomberg reports, citing people familiar with the discussions, that the DOJ is evaluating whether to lift the monitor. The review has not been officially confirmed by the DOJ or Binance. Plain-text mention: Bloomberg; official discussions would involve DOJ counsel and Binance compliance leadership.
Source: Bloomberg
How would removing the monitor affect Binance’s compliance obligations?
Removing the monitor would return primary compliance responsibility to Binance’s internal teams while keeping the underlying settlement in force. It would likely reduce costs and external reporting requirements tied to monitor oversight, but obligations under the settlement would remain enforceable by the DOJ.
Why does this matter for the wider crypto regulatory environment?
This development comes amid a broader shift in US policy toward clearer, industry-friendly regulation under the Trump administration. The administration has advanced legislation such as the GENIUS stablecoin act and Congress has debated market-structure measures affecting crypto. Regulators like the SEC and CFTC have signaled moves toward more prescriptive guidance and pathways for foreign exchange participation.
Which other companies have avoided extended monitors?
Public reporting indicates companies including Glencore Plc, NatWest Group Plc, and Austal Ltd. have in recent cases avoided prolonged external monitors or negotiated shorter monitoring terms. These examples suggest the DOJ may be open to ending monitors where progress on compliance is evident.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
There is no public timeline for a final DOJ decision. Any formal change would likely require internal DOJ approval and coordination with Binance compliance teams. Both DOJ statements and Binance disclosures would be needed for confirmation.
Yes. Ending the independent monitor would likely reduce external reporting and third-party assessments, but Binance would still be bound by settlement terms and DOJ enforcement authority.
Any easing of oversight for Binance arrives alongside legislative and regulatory moves that aim to clarify crypto rules, such as the GENIUS Act and agency-level guidance from the SEC and CFTC.
‘
];
var adplace = document.getElementById(“ads-htx”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex;
adplace.innerHTML = adscodesHtx[adsindex];
sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexHtx”, sessperindex);
}
})();