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EconomyJack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%

Block has proposed a $764 million agreement to resolve a federal anti-money-laundering investigation. Lower Cash App trading fees also cut the company's quarterly gross profit from bitcoin by half.

BlockU.S. Department of JusticeAnti-money launderingBitcoin

CCoinDesk★★★☆☆2026-11-04 06:06Original

Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%Economy