The US Department of Justice is internally concerned about Binance raising the threshold for law enforcement assistance. Binance denies reducing cooperation.
According to reports, in early June of this year, the U.S. Department of Justice sent an internal memo to prosecutors handling digital currency cases, reminding them that the level of cooperation from Binance, the world's largest cryptocurrency exchange, may significantly decrease in future cases. The email was sent by DOJ digital currency advisor Rachel Jones and was cc'd to several senior prosecutors including Kevin Mosley. In 2023, Mosley was responsible for prosecuting Binance when the DOJ accused the exchange and its CEO Changpeng Zhao of money laundering and violating the Bank Secrecy Act. The email stated that Jones mentioned that Binance will implement a series of new and more cumbersome requirements for asset freezes and seizures requested by prosecutors on their platform. In response to requests for comment, a Binance spokesperson denied that the company will implement any new procedures listed in the memo. The spokesperson stated, "Binance's cooperation with U.S. law enforcement has not changed in the past and will not change in the future. Any claims that Binance has reduced or is reducing cooperation with law enforcement are incorrect."
Latest
3 m ago

