đ DOJ selects FRA to monitor Binance after $4.3B penalty for legal violations.
đ„ FRA chosen over Sullivan & Cromwell due to latter's FTX involvement.
đ Decision well-received by legal and crypto communities.
đ FRA tasked with extensive oversight to ensure Binance compliance with U.S. regulations.
đŒ Sullivan & Cromwell may still monitor Binance for transaction reporting rules.
đ Binance facing penalties in India and Canada for anti-money laundering violations.
