According to reports from Bloomberg, the U.S. SEC stated on Monday that cryptocurrency mining company BIT Mining Ltd. has agreed to pay a fine of $4 million to resolve the agency's allegations of bribing Japanese officials. The SEC pointed out that BIT Mining paid $2.5 million in cash bribes and gifts to Japanese lawmakers from 2017 to 2019 in an attempt to win bids for establishing a casino resort in Japan. In a separate action, the U.S. Department of Justice stated that it has reached an agreement with BIT Mining, with BIT Mining agreeing to pay a criminal fine of $10 million, of which $4 million will be paid to the U.S. SEC by the company.