Binance Holdings, the world’s largest crypto exchange, is poised to reach a settlement with U.S. authorities, resolving a prolonged investigation into its operations. As part of the settlement, Binance CEO Changpeng Zhao has agreed to step down and plead guilty to criminal charges related to anti-money laundering violations.
The settlement, which involves the Justice Department, the Commodity Futures Trading Commission (CFTC), and the Treasury Department’s Financial Crimes…
