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Cryptocurrency market goes up because people think Binance will solve its problems with the Department of Justice.

The outcome of the US investigation into Binance is very important for the cryptocurrency industry. If Binance agrees to the suggested fine, it would be one of the biggest payments in the history of the cryptocurrency market.

The crypto market felt hopeful but careful because there were reports that Binance might settle its long investigation with the US Department of Justice.

Binance resolved a reported issue.

The Justice Department wants over $4 billion to finish the investigation, says a recent report. Binance is talking to the department about the possibility of its founder and CEO, Changpeng `CZ` Zhao, being charged with a crime in the US. The report says that even though there could be legal problems, an agreement might be made by the end of this month.

Just talking about the investigation possibly ending made the digital-asset markets change right away. Binance Coin (BNB), the main crypto of the Binance ecosystem, became more popular as traders and investors liked the news.

The coin is very important for Binance. It has been getting a lot of attention in the market lately. The US criminal investigation ending is good news for BNB holders.

At the same time, Bitcoin, the biggest and most well-known cryptocurrency, which has always been affected by rules and laws, reacted well to the possibility of the Binance case being settled. The overall feelings of people in the market, which can be affected by things like what’s happening with big exchanges like Binance, showed that people were feeling more confident.

Bitcoin is now being sold for $37,342, which is a 0. 34% increase from the price 24 hours ago. BNB is now being sold for $259, which is 4. 4% more than it was a day ago.

The start of the investigation into Binance by the Department of Justice.

The government started looking into Binance in 2018 because criminals were using it to move illegal money. The investigations look into important Binance leaders, including CEO CZ. The Money Laundering and Asset Recovery Section, the U. S Attorney’s Office for the Western District of Washington in Seattle, and the National Cryptocurrency Enforcement Team are all working together to investigate.

At that time, it was reported that some people in the Justice Department disagreed about whether to go ahead with the case. Some government lawyers say the current charges are enough to take action against the company, while others think there should be more thorough investigations.

At the same time, Binance’s problem with the Justice Department is not just a single event. The exchange and the person who started it have been looked into by a few different US agencies this year. These include the US Securities and Exchange Commission and the Commodity Futures Trading Commission. These investigations have made people worried about whether the crypto industry is following the rules.

The outcome of the US investigation into Binance is really important for the crypto industry. If Binance accepts the suggested fine, it would be one of the biggest deals in the history of the digital currency market.

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