Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says

The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF.

The $4.3 billion settlement between the U.S. and the world’s largest crypto exchange, Binance, for violating U.S. anti-money laundering laws includes a plea deal whereby the former CEO Changpeng “CZ” Zhao, has agreed to step down as the CEO of the exchange.

The news of the deal and CEO’s departure led to a market correction that saw some $175 million worth of leveraged crypto positions liquidated, while close to $1…

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