US Seeks More Than $4B from Binance to End Criminal Case

I know this is how the US operates, still it&#x27;s weird to trade cash for criminal allegations. Especially when Binance has been so vilified.<p>I&#x27;m not defending Binance, rather, it feels like the SEC rhetoric went past the point where a fine is appropriate.<p>Unless they are only proposing it so they can&#x27;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, ...<p>I wonder if the SEC&#x2F;CFTC stuff will be resolved too. That&#x27;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?

<a href="https:&#x2F;&#x2F;archive.is&#x2F;PPs7i&#x2F;again?url=https:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2023-11-20&#x2F;us-seeks-more-than-4-billion-from-binance-to-end-criminal-case" rel="nofollow noreferrer">https:&#x2F;&#x2F;archive.is&#x2F;PPs7i&#x2F;again?url=https:&#x2F;&#x2F;www.bloomberg.com...</a>

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&#x27;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?<p>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.