In a significant development, US prosecutors are urging a federal judge to accept the plea deal with Binance Holdings Ltd., one of the world’s largest cryptocurrency trading platforms. The company pleaded guilty to anti-money laundering (AML) and sanctions violations, agreeing to pay a staggering $4.3 billion in penalties, making it one of the largest criminal penalties in US history. Notably, the prosecutors argue that Binance’s intentional misconduct, led by senior executives, posed a serious threat to the nation’s financial system.