In regard to Binance.US’s acquisition of the crypto lending startup Voyager Digital, the clash of wills that has been going on between the U.S. authorities and the bankruptcy court persists to continue. According to a document filed with the court on Wednesday, Judge Michael Wiles of the Southern District of New York ruled that BinanceUS could move forward with its $1 billion purchase of Voyager assets. This decision comes after the judge rejected a request from the U.S. SEC to halt the proceedings until an appeal has been heard.
Earlier, the U.S. financial watchdog filed a stay motion after Binance’s victory in obtaining the court approval to buy Voyager’s assets. The filing made note of the fact that bankruptcy courts don’t have the “power to release and immunize from suit debtors’ or non-debtors conduct that falls within the Government’s police and regulatory powers”.
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