Cryptocurrency exchange Binance has asked the Justice Department to end its oversight of the platform as part of a 2023 money laundering plea deal.
Binance asks US authorities to end surveillance soon – BNB price continues to probe for new peaks. Photo: SCMP
Why is this news important?
- Binance, in a deal to plead guilty to money laundering and pay a $4.3 billion fine in 2023, agreed to have the US Department of Justice appoint a monitor to monitor the exchange's compliance for three years.
- The termination of supervision may allow Binance to restore all operations as before the penalty.
- Former Binance CEO Changpeng Zhao also made a notable move to update his X profile, signaling that he could soon return to run the exchange he owns.
- This news has continued to increase the momentum for Binance's BNB coin , as it continues to set a new ATH peak above 960 USD after a series of continuous good news in recent times.
Binance asks US authorities to end surveillance
According to Bloomberg , cryptocurrency exchange Binance has applied to the US Department of Justice, asking to end the supervision process that has been imposed on the platform since late 2023.
The newspaper claims that Binance is close to reaching a new agreement with US authorities that will allow the exchange to no longer be monitored by US-appointed monitors, as well as not extend its time under Washington's scrutiny for many years to come.
Binance is moving toward a potential deal with the US Justice Department that would allow it to drop a key oversight requirement in its $4.3 billion settlement of allegations that it didn't do enough to prevent money laundering https://t.co/NDVlt0dKnU
— Bloomberg (@business) September 16, 2025
Previously, in late 2023, the world's largest crypto exchange agreed to plead guilty to money laundering in the US, pay a record fine of $4.3 billion, force CEO Changpeng Zhao (CZ) to resign and be banned from holding a position at the exchange for 3 years. The US Department of Justice also set a condition that Binance must report its compliance activities to 2 independent monitors appointed by this agency for 3 years.
If true, the news would be another loosening of regulations by the US government as the country reopens to cryptocurrencies after a long crackdown. In April, the US Department of Justice wrote in a Mnemonics that it would not be the regulator of the digital asset industry, instead delegating that responsibility to designated agencies such as the SEC or CFTC.
The termination of the supervisory agreement also allows Binance to restore operations to pre-penalty levels, as well as enter potential new markets.
The US Securities and Exchange Commission (SEC) announced in May 2025 that it had reached a settlement agreement with Binance , ending its investigation into the exchange without further action.
Also that month, Mr. CZ expressed his intention to be pardoned by President Trump after cooperating with the Trump family's cryptocurrency project, World Liberty Financial , to support the issuance of the stablecoin USD1 .
The crypto community also discovered that Mr. Zhao changed his profile on X (Twitter) from “former Binance employee” back to “Binance”, signaling his upcoming return in a new Vai .
CZ updated his personal X profile today, changing “ex-@ binance” to “@ binance,” which may suggest a possible return to Binance. https://t.co/kbW0Tl8FVG pic.twitter.com/H1rcgcdvDd
— Wu Blockchain (@WuBlockchain) September 17, 2025
The price of BNB Chain's BNB coin increased sharply this morning thanks to the news that Binance is about to be no longer monitored by US authorities, combined with good news in recent times such ascooperating with Franklin Templeton or implementing a deposit program with Plasma to continuously set record peaks, most recently reaching the 960 USD mark.
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