Is this a huge negative for BNB?
According to Bloomberg, people familiar with the matter revealed that the US Department of Justice (DOJ) has selected consulting firm Forensic Risk Alliance (FRA) as Binance's external regulator.
As a supervisory agency, FRA will be responsible for ensuring that Binance complies with the plea agreement. FRA will gain access to the company's internal records, facilities and employees and report the company's activities to the government.
This means that users from all over the world will no longer have privacy in front of the US Department of Justice. It's too outrageous.
It will probably trigger a mass exodus.
I hope CZ can counter after he is released from prison.
