Binance‘s native crypto, BNB, rose 6.55% to $ 262.73 on reports of prospective settlement discussions between Binance Holdings Ltd. and the US Justice Department. This increase in value, which represents a three-month high, shows market optimism as Binance potentially gets closer to addressing long-standing regulatory issues. According to Bloomberg, Binance could pay $4 billion by the end of the month to settle multiple criminal charges in the United States. However, the settlement reportedly allows the exchange to continue functioning. Second, Binance would be required to publish an extensive report admitting areas where it breached the law. Third, a monitoring process would be put in place to ensure Binance’s future compliance with laws and regulations, and the company would be obligated to use it.