Binance CEO Changpeng Zhao may step down from Binance as part of a major $4 billion settlement between the Department of Justice and the world’s largest cryptocurrency exchange, according to a source familiar with the matter. The settlement will be with the DOJ and Commodities Futures Trading Commission; the Securities and Exchange Commission is not participating.
Binance, the DOJ, CFTC, and SEC had not replied to requests for comment at the time of publication.
Developing …
Additional reporting by Steve Ehrlich, Sarah Emerson and Iain Martin.
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