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TL;DR
The US Division of Justice needs to cost Binance with fraud, however they’re anxious a prison cost will result in a financial institution run, hurting customers because of this.
Due to this, the DOJ is rumored to be exploring different choices, like fines or non-prosecution agreements.
Full Story
Image this:
You are a child once more. You are 10 hours right into a household highway journey, and your dad’s persistence is at an absolute breaking level.
Your older brother grabs the Gameboy off you, punches you within the arm and offers you that ‘what’re you going to do about it?’ look.
You look up and see that one vein in your dad’s brow staring again at you within the rear-vision mirror.
His most up-to-date risk echoes in your thoughts: “I swear to god, I’ll flip this automotive round, cancel this vacation and enroll you all in summer season college.”
You determine to maintain your mouth shout (for the better good).
Proper now, the parents on the US Division of Justice (DOJ) are in an analogous scenario.
They need to cost Binance with fraud, however they’re anxious a prison cost will result in a financial institution run (basically pushing Binance down the identical path as FTX) – hurting customers because of this.
Due to this, the DOJ is rumored to be exploring different choices, like fines or non-prosecution agreements.
It is all in limbo for now – however for these of you which have funds on Binance, it may be price shifting your crypto onto a self custody pockets.
(Higher secure than sorry).
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