DOJ to Announce Binance Settlement in Press Conference Today

US Attorney General Merrick Garland will hold a press conference at 3pm ET to announce “separate but related cryptocurrency enforcement actions,” the Department of Justice said in a statement.

The announcement will involve a settlement with Binance, according to two people familiar with the matter. The Justice Department is seeking more than $4 billion from the cryptocurrency exchange as part of a resolution of a years-long investigation, Bloomberg News reported Monday.

Read More: US Is Seeking More than $4 Billion From Binance to End Case

Negotiations between the Justice Department and Binance included the possibility that its founder Changpeng ...