Policy
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
CoinDesk·November 4, 2026·1 min read
Jack Dorsey's Block faces a proposed $764 million settlement with the DOJ to resolve a federal anti-money-laundering investigation. Lower Cash App trading fees halved Block's quarterly bitcoin gross profit, reflecting reduced trading volumes and margins. The agreement would close the probe, but the profit decline signals ongoing pressure on Block's crypto revenue streams.
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