Binance has reduced cooperation with U.S. authorities since June, per The Information.
Regulation & Gov ·
The U.S. Department of Justice issued an internal memo in June instructing prosecutors working on cryptocurrency cases to anticipate diminished cooperation from Binance, with the guidance citing potential new procedural demands around asset freezing and seizure requests, according to The Information. Binance rejected this characterization, stating that its engagement with U.S. law enforcement has remained constant and will stay that way going forward.
The backdrop involves Binance's 2023 criminal settlement with the DOJ, which included the establishment of a monitorship. The exchange is currently in talks to formally dissolve that DOJ-administered oversight arrangement, though a separate Treasury Department monitorship continues. The memo suggests prosecutors should plan for tighter coordination or slower responses from the company in future investigations.
The divergence between the DOJ's internal guidance and Binance's public denial leaves open whether any operational shift has actually occurred or whether the memo reflects concerns about potential future friction. The status and timeline of negotiations to end the DOJ monitorship remain unclear.