$964 Million Agreement: Block Reaches Principle Agreement with U.S. DOJ to Settle Cash App AML Deficiencies

According to Bitcoin News on X, Block has agreed in principle to a $964 million settlement with the U.S. Department of Justice over anti-money laundering deficiencies in Cash App. Prosecutors will defer charges of violating the Bank Secrecy Act for a period of three years; if Block fulfills its obligations, prosecutors will subsequently seek to dismiss the charges.