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Binance’s defense is basically a threat to break all of crypto if the DoJ prosecutes them. Like financial terrorists in a hostage situation. Except I think the DoJ doesn’t care if the hostage gets shot.
Binance's defense attorneys at U.S. law firm Gibson Dunn have held meetings in recent months with Justice Department officials, the four people said. Among Binance's arguments: A criminal prosecution would wreak havoc on a crypto market already in a prolonged downturn. The discussions included potential plea deals, according to three of the sources.
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