COIN keeps crushing it. Coinbase’s stock is up handily—green for the fourth consecutive green day after news that US regulators settled with top crypto exchange Binance on Tuesday to resolve compliance violations. The stock is up nearly 75% this month, a growth rate that nearly rivals Solana’s token surge.
LATEST ON BINANCE AND CZ PLEADING GUILTY TO DOJ CHARGES:
– Binance to pay $4.3B in fines
– Binance reached agreements with FinCEN, OFAC, CFTC and will credit $1.8B to them
– CZ said “better to ask for forgiveness than permission” toward operating in US
– CZ to agree to pay…— Jacquelyn Melinek (@jacqmelinek) November 21, 2023
As part of its settlement, Binance must retain an independent compliance monitor for three years, enhance its compliance programs, and give the US government access to its records to monitor conformity.
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