---
title: "Jack Dorsey’s Block faces $764 million DOJ settlement as bitcoin profit plunges 50%"
url: https://thecoingazette.com/jack-dorseys-block-faces-764-million-doj-settlement-as-bitcoin-profit-plunges-50/
date: 2026-11-04
modified: 2026-11-04
lang: en
author: "Coin Gazette Editorial"
description: "The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 21
---

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

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