A $1 billion bid by Binance.US to buy up Voyager’s assets should go ahead, a bankruptcy judge ruled in a Wednesday court filing, denying a bid by the U.S. government to put proceedings on hold pending appeal.

U.S. Attorney Damian Williams had argued that the deal should be amended or struck down because it seeks to effectively absolve Voyager and its staff of violations of tax or securities law.

But Michael Wiles, a judge in the Southern District of New York, said the deal he previously approved does no such thing, and that waiting longer would harm Voyager clients who haven't been able to access their crypto since bankruptcy was declared in July 2022.

(By Jack Schickler)