Though New York's bankruptcy court signed off on Binance.US' plan to purchase Voyager's distressed assets, the United States government is making an effort to block the billion-dollar deal.
The U.S. Department of Justice's Trustee Office filed an appeal against Binance.US' acquisition of bankrupt crypto lender Voyager Digital's assets roughly one day after New York bankruptcy judge Michael Wiles approved it.
The DoJ's appeal follows similar opposition from other regulators — including the Securities and Exchange Commission, which filed an objection to the deal last month, citing a potential violation of federal securities laws through the unregistered operation of a securities exchange.
(By Adam James)
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