According to Bloomberg, the US Department of Justice (DOJ) is considering a $4 billion settlement with Binance to resolve an investigation into the company. Within 24 hours of this news being released, BNB surged by over 7%.

Cointelegraph Markets Pro shows that following Bloomberg's report on November 20th that Binance was in negotiations with the DOJ to settle allegations of violating sanctions, money laundering, and fraud, BNB soared by 6% to $262 within 30 minutes of the news being released.

Approximately four hours later, the price of BNB dropped back to $252, but then surged again to $266. This is the highest price for BNB since the Securities and Exchange Commission sued Binance and CEO Changpeng "CZ" Zhao for violating securities laws on June 7th.

Among the 75 largest cryptocurrencies by market capitalization, Binance's token had the highest price increase in the past 24 hours. BNB is currently the fourth largest token, with a market capitalization exceeding $40 billion.

Despite the recent price recovery, BNB has dropped by 61.4% from its all-time high of $686 on May 10, 2021. However, it has still risen by 6.5% so far this year.

One known settlement option is for Binance to pay a 10-figure fine and then be allowed to continue operating in the US under certain conditions. According to Bloomberg, the potential agreement could be announced as early as the end of this month.

If Binance pays the fine, it would be one of the largest fines ever paid in a cryptocurrency criminal case.

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