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

https://mins.news/en/item/128483

- CoinDesk, 2026-11-04 06:06 UTC
- Economy
- Original: https://www.coindesk.com/markets/2026/11/04/jack-dorsey-s-block-faces-usd764-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.

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