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