CoinDesk reports that Block, led by Jack Dorsey, is negotiating a $764 million settlement with the Department of Justice over an anti-money laundering investigation. This comes as the company's quarterly bitcoin gross profit has halved, attributed to reduced trading fees on Cash App. The settlement aims to resolve ongoing federal scrutiny.
Based on the CoinDesk report; not independently verified.
Source published: Wed, 04 Nov 2026 06:06:04 +0000
[Read the original report](https://www.coindesk.com/markets/2026/11/04/jack-dorsey-s-block-faces-usd764-million-doj-settlement-as-bitcoin-profit-plunges-50)
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