Crypto asset prices dipped amid developments around a regulatory settlement between the US government and Binance — but various industry watchers believe the scenario is ultimately a boon for the space. 

Binance CEO Changpeng Zhao plans to step down and plead guilty to anti-money laundering violations as part of a multi-billion dollar settlement with US regulators, the Wall Street Journal reported Tuesday.

Read more: DOJ alleges AML, sanctions violations against Binance, CEO Changpeng Zhao in unsealed indictment

The report dropped just hours ahead of a Department of Justice press conference scheduled for 3 pm related to “significant” crypto enforcement actions. Set to appear are…

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