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Judge Questions SEC’s Objection to Voyager-Binance.US Deal

The United States judge overseeing Voyager Digital’s bankruptcy case has chastised the Securities and Exchange Commission (SEC) for its ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US. The details have been shared in a report published by Reuters.

At a court hearing in New York on 2 March, U.S. bankruptcy judge Michael Wiles stated that the SEC had basically asked to stop everyone in their tracks without clarifying how it would address its concerns about the deal.

The court was considering a restructuring plan announced in December last year to bring Voyager out of Chapter 11 bankruptcy, under which crypto exchange Binance.US would acquire its assets for $1.02 billion. Voyager mentioned that this was the highest bid for its assets so far.

(By Suzuki Shillsalot)

Get the latest news here: Cointime channel — https://t.me/cointime_en

Voyager Token Voyager Token $0.01
-3.84%
Voyager Digital Binance.US SEC
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