TLDR:
- Market: BNB’s market cap broke to a fresh all-time high (ATH) above $960 following Binance’s relief bid for regulation, albeit without detailed cap data yet showing firm volume and strength.
- Narrative: Binance agreed to cancel its 2023 US tracking contract to potentially resume all operations and signal Changpeng Zhao’s comeback, boosting BNB’s price over favorable crypto policy reforms.
Global leading crypto exchange Binance requested that the US Department of Justice Lift the oversight that was detailed under its 2023 money laundering guilty plea on September 18, 2025. The Bloomberg report may be the much-needed game-changer that will see Binance perform at pre-penalty volumes and enter into new markets. The report has propelled BNB, the native token of the BNB Chain, to a new ATH of over $960 after a series of positive updates.
The $BNB saga revolves around this possible regulatory reprieve, after a $4.3B fine and Changpeng Zhao’s (CZ) step down as CEO in late 2023, with a three-year leadership ban and external monitors to ensure compliance. Relatively early relief from that supervision, against the backdrop of U.S. policy easing—in apparent demonstration by an April 2025 DOJ memo passing crypto regulation to the SEC and CFTC—could enable a return by CZ, as suggested by his X bio change from “former Binance employee” to “Binance.” In May 2025, the SEC settled with Binance, doing nothing more, and CZ’s work for Trump’s World Liberty Financial in developing USD1 contributes to the bullishness.
BNB’s rally, amplified by partnerships like Franklin Templeton and Plasma deposits, reflects market confidence. If approved, this could unlock Binance’s full potential, drawing global attention. Investors should monitor DOJ’s decision and CZ’s role, keeping an eye on this high-stakes token’s trajectory.
Read more crypto narratives on the MevX Blog!
Share on Social Media:
