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

CoinDeskNovember 4, 2026 · 6:34 AM2 min read

The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.

Originally published on CoinDesk

The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.

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