Newly published DoJ document reveals Binance’s supervision requirements
The U.S. Department of Justice shares supervision details over Binance. The document appeared on the DoJ’s website on Dec. 10, 2023. According to the agreement, the supervisory authority will exercise government supervision over the company’s work and its business activities on several key points. This includes a “Statement of Facts” admitted by Binance, a “Compliance Commitment,” and a description of the DoJ’s “Compliance Monitor.” Former U.S. Securities and Exchange Commission (SEC) employee John Reed Stark believes that the requirements of DoJ could spell doom for the embattled crypto exchange. Breaking News: A Binance Double Whammy. 1) Newly Unsealed US DOJ Filings Could Mean the End of Binance; and 2) SEC Files Supplemental Pleading Against Binance, Strengthening the SEC Binance Lawsuit Exponentially There’s been a flurry of newly released Binance-related filings… pic.twitter.com/igN2I9Y7cP — John Reed Stark (@JohnReedStark) December 9, 2023 Stark emphasize...