Block Faces $764 Million DOJ Settlement as Bitcoin Profit Halves

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Jack Dorsey's payments company Block has proposed a $764 million settlement with the U.S. Department of Justice. The agreement would resolve a federal investigation into anti-money-laundering compliance. Separately, lower trading fees on Cash App cut Block's quarterly bitcoin gross profit by roughly half. The article reports these two developments together, though the source text provides limited detail on the investigation's specifics.

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