The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC).
Court Lets Binance US Buy Voyager’s Assets
The proposed asset purchase deal between the U.S. arm of cryptocurrency exchange Binance (Binance US) and bankrupt crypto lender Voyager Digital reportedly received initial court approval Tuesday.
The court greenlighted the deal despite objections by the U.S. Securities and Exchange Commission (SEC) and a number of state securities regulators. In addition, the U.S. Committee on Foreign Investment in the United States (CFIUS), an interagency body that reviews the national security risks of foreign investments in U.S. companies, has voiced concerns regarding the Binance US-Voyager deal. CFIUS said in a Dec. 30 court filing that its review “could affect the ability of the parties to complete the transact
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