I know this is how the US operates, still it's weird to trade cash for criminal allegations. Especially when Binance has been so vilified.

I'm not defending Binance, rather, it feels like the SEC rhetoric went past the point where a fine is appropriate.

Unless they are only proposing it so they can't be accused of not giving them the same treatment that everyone else gets.

Wow, I was expecting about half that. I think this would be the second largest DPA ever. BNP Paribas paid $9 billion, Airbus paid $3.9 billion, Wells Fargo $3 billion, ...

I wonder if the SEC/CFTC stuff will be resolved too. That's the deal BitMEX got but this case is way more substantial than just not registering as a money transmitter.

So, in the USA, you can do wrongs and then buy your way out of it, such that doing wrong and the resulting fines are just a cost of doing business however you see fit?

https://archive.is/PPs7i/again?url=https://www.bloomberg.com...

Everything continues to be legal for a fee’- and then we wonder the types of people we get

4 billion and continue being an inflation sink (dollar destruction) and the deal with the US gov lets the scam continue.

Why would they even negotiate with the United States? It's like if I ran an online business from the US who happened to have customers in Indonesia and I was breaking Indonesian laws. As long as I never planned on going to Indonesia, why would I care?

Fun fact: many years ago I did run an online business and I did break laws in other countries that I never plan to go to. I never broke US law.

Ahhh, so I guess this really was just a shakedown after all, like some banana republic despot. Color me stupid for thinking that the US cared about law and order and not about making money through the justice system.

$80 billion in profit and a $4 billion fine! American justice at its finest.