Binance May Have a Clear Path Out of U.S. Regulatory Trouble. Cryptos Are Rallying.

The world’s largest cryptocurrency exchange may have a pathway out of existing U.S. legal troubles, which would be good news for Binance as regulatory storm clouds gather around the industry. It could be a factor behind the latest rally in digital assets.

Binance expects to pay a fine to settle existing regulatory and law enforcement investigations into its business, The Wall Street Journal reported Wednesday, citing an interview with the group’s chief strategy officer, Patrick Hillmann. The crypto executive said Binance is working with regulators regarding possible remedies, but expects the outcome to likely be a fine—though it could be more, the report said.