Binance Holdings Ltd. is reportedly in discussions with the US Department of Justice over whether it can shed a key oversight condition from its record $4.3 billion settlement.

Bloomberg reported Tuesday that prosecutors are considering whether to relax the three-year monitorship, which was imposed after Binance admitted in 2023 that it failed to prevent money laundering. The Justice Department has yet to reach a decision, but revisiting the deal could reflect a broader recalibration of how corporate monitorships are applied.

For decades, outside monitors have been a standard tool in DOJ settlements involving bribery, sanctions violations and financial fraud. While they are meant…

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