BNB Price Rises 3% as Binance Nears DOJ Compliance Deal

BNB's price increased by nearly 3% in the last 24 hours following Bloomberg's report on Binance nearing a deal that could end a compliance requirement from its 2023 settlement with the U.S. Department of Justice.
BNB was trading near $950 after a rally sparked by the news but failed to surpass this level decisively.
The court-imposed monitor was part of Binance’s $4.3 billion settlement over anti-money transmitting violations.
The potential deal aligns with a DOJ trend of releasing firms, like Natwest Group and Austin shipbuilder, from oversight after agreeing to enhanced reporting requirements.
If finalized, Binance would likely implement stricter internal reporting systems; however, the DOJ has not reached a final decision, and the Treasury Department's monitor will remain for now.
BNB's price peaked at $963, reaching its highest in months before retreating, with trading volumes spiking.
BNB outperformed the broader crypto market, which remained stable, ahead of the Federal Reserve's interest-rate decision.
The CoinDesk 20 index rose by 0.8% in the past 24 hours.