US Prosecutors in Binance Case Urge Judge to Accept Plea Deal.

US prosecutors are urging a federal judge to accept a plea deal with Binance Holdings Ltd., a crypto trading company that pleaded guilty to anti-money laundering and sanctions violations. The prosecutors argue that Binance's intentional misconduct, led by senior executives, warrants the proposed penalties of $4.3 billion. They also highlight Binance's failure to register as a money services business and implement an effective anti-money laundering program, which left the company, its customers, and the US financial system vulnerable. The plea deal includes up to five years of monitoring for Binance. [Extracted from the article]

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