Binance to Settle Charges With U.S. DOJ: Source

Crypto exchange Binance will settle a long-running investigation with the U.S. Department of Justice in a deal to be announced later Tuesday, an individual familiar with the situation told CoinDesk. As part of this deal, founder Changpeng “CZ” Zhao may step down from his role as CEO of the world’s largest crypto trading platform, Forbes reported.

The DOJ announced it would hold a press conference on Tuesday to announce “significant cryptocurrency enforcement actions,” with Attorney General Merrick Garland, Treasury Secretary Janet Yellen, Deputy Attorney General Lisa Monaco and CFTC Chairman Rostin Behnam. The individual said this would be tied to the DOJ’s long-running investigation into Binance.

Bloomberg, which

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