March 28, 2024

Binance.US Receives Court Approval to Buy Voyager Assets

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Binance.US Receives Court Approval to Buy Voyager Assets

The Voyager Digital bankruptcy court has approved the acquisition of the crypto lender by the Binance.US exchange.

Federal Judge Michael WilesThe crypto lender's bankruptcy watchdog said it believes the Securities and Exchange Commission's (SEC) objections to the deal are speculative. The regulator has not even stated an official position on this issue, the judge emphasized, adding that SEC staff “only speculate” that Voyager and Binance.US may violate securities laws.

Bankrupt Voyager Digital by court decisionreceived permission to sell its assets worth more than $1 billion to a subsidiary of the largest crypto exchange Binance. Wiles agreed to delay the entry into force of the decision for a day, giving the SEC another chance to prepare a reasoned objection or withdraw the claims.

"I can't put the whole matter in deepfrozen indefinitely while regulators determine whether they believe there are problems with the restructuring plan,” explained Judge Michael Wiles.

The Securities and Exchange Commission would like to maintain
has the opportunity to influence the processrestructuring Voyager Digital and preventing Binance.US from participating in bankruptcy proceedings. US Department of Justice spokesman Peter Aronoff said at the hearing that Judge Wiles' decision could be appealed.