As good news comes from the US to Binance, BNB has set a new record.

The world's largest cryptocurrency exchange Binance is very close to getting rid of the most critical obligation imposed after the historic $4.3 billion agreement made last year with the U.S. Department of Justice (DOJ). According to a report by Bloomberg based on sources close to the matter, discussions are underway to lift the requirement of having an “independent compliance auditor” between Binance and the department.

As is known, Binance accepted to pay one of the largest corporate fines in U.S. history in a lawsuit filed against it for failing to take necessary steps to prevent money laundering in 2023. As part of the agreement, the exchange agreed to work with independent auditors to be appointed by FinCEN.

Now the ministry is considering lifting this obligation. If an agreement is reached, Binance will provide more comprehensive audit reports instead.

It is reported that the Ministry of Justice's stance towards independent auditors has softened recently. The obligation for three companies appointed as auditors during the Biden administration has been lifted. Ministry official Matthew Galeotti stated that auditors were beneficial at the beginning of the year, but they brought high costs and could complicate operations.

While Binance continues its discussions with the ministry, it is still carrying out the duties assigned by the independent auditor appointed by FinCEN. The company had previously tried to lift this obligation with the Treasury Department but was unsuccessful.

BNB price hit a record high

Following the development, BNB reached a new record of $955. With a market value of over $132 billion, this cryptocurrency ranks as the fifth largest cryptocurrency in this regard.

Published: September 16, 2025 20:38Last Updated: September 16, 2025 20:42