The Information: DOJ Memo Warns Prosecutors to Expect Less Cooperation From Binance
AI Market Summary
A report claims DOJ prosecutors were told to expect less cooperation from Binance in future crypto investigations, alongside discussions to end the DOJ monitorship from the 2023 settlement. Binance denies any change in cooperation, but the headline increases regulatory and legal uncertainty around the venue. Near-term, this can pressure exchange-linked sentiment and raise perceived compliance risk for related tokens and counterparties.
Impact level
● Medium
Affected assets
BNB/USDT-1.09%
AI Insight · BNB/USDTAI Insight
▼ Bearish
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The U.S. Department of Justice circulated an internal memo in June advising prosecutors working on crypto-related matters to anticipate reduced cooperation from Binance in future investigations, The Information reported. The memo pointed to possible new requirements tied to asset-freeze and seizure requests.
Binance rejected the claim, saying its collaboration with U.S. law enforcement "has not changed and will not change."
The report also said Binance is in talks to formally end the DOJ monitorship put in place after its 2023 criminal settlement. A separate monitorship appointed by the U.S. Treasury remains in effect.
