BNB hits shockingly high after new update

BNB, the native token of BNB chain, spiked to a new all-time high of $955.36 on Sept. 17 before easing slightly to around $953.31.

The surge came after reports that Binance Holdings Ltd. is in discussions with the U.S. Department of Justice (DOJ) about potentially removing one of the key conditions of its $4.3 billion settlement reached in November 2023.

BNB rally backed by bullish signals

The MACD chart for BNB showed a bullish crossover, with the blue MACD line crossing above the yellow signal line and momentum growing in the positive range. Rising green histogram bars indicated strengthening momentum, suggesting BNB’s rally could extend further.BNB surges as MACD shows strong bullish momentum. Source: TheStreet Roundtable on TradingView

Sources told Bloomberg that prosecutors are considering dropping the requirement for Binance to maintain an independent compliance monitor, which had been imposed after the exchange pleaded guilty to failing to prevent money laundering.

What happened to Binance?

In November 2023, Binance settled charges with the DOJ, Treasury Department, and Commodity Futures Trading Commission (CFTC) for $4.3 billion. The DOJ accused the exchange of failing to implement adequate anti–money laundering programs, operating an unlicensed money-transmitting business, and violating U.S. sanctions laws.Binance CEO Changpeng Zhao leaves the U.S. District Court on November 21, 2023 in Seattle, Washington.Getty Images

Founder and then-CEO Changpeng Zhao (“CZ”) pleaded guilty, resigned as CEO, and received a four-month prison sentence. As part of the deal, Binance agreed to oversight from two independent compliance monitors — one for the DOJ and one for the Treasury’s Financial Crimes Enforcement Network (FinCEN).

The DOJ has not yet made a final decision on whether to end the monitorship, but discussions remain ongoing.

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58% chance of a presidential pardon for C

The development comes amid speculation that President Donald Trump’s administration could issue a pardon for Zhao. Trump has previously pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, Samuel Reed, and former executive Gregory Dwyer for Bank Secrecy Act violations.

According to betting market Polymarket, CZ currently has a 58% chance of being pardoned, though no official record has been confirmed.

Edited by: Mehab Qureshi

Related: Binance Agrees to Deal with SEC, Losing Access to Its U.S. Operation

This story was originally reported by TheStreet on Sep 16, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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