The U.S. authorities has appealed a judicial resolution that accredited the sale of Voyager Digital’s property to Binance.US, in accordance with a submitting on March 9.
Two authorities businesses filed the attraction: the U.S. Legal professional’s Workplace for the Southern District of New York and the Workplace of the U.S. Trustee.
Although the present submitting doesn’t clarify why these businesses appealed the sale, stories from Reuters counsel that regulators are involved with defending staff from authorized claims that may end result from chapter proceedings. They’re additionally involved about their very own skill to implement rules as a result of choose’s broadly-written approval.
SEC has contested the sale too
The choose overseeing the case accredited Voyager’s sale plans on March 7. Previous to that approval, the U.S. Securities and Trade Fee contested the sale.
Decide Michael Wiles confirmed hostility in the direction of the SEC as a result of time-consuming nature of its regulatory complaints. As such, it’s unclear whether or not the present attraction will additional delay the case, or whether or not the choose will try and take care of it shortly.
Whatever the final result, Voyager itself should additionally contemplate the phrases of the deal and determine whether or not Binance.US is an appropriate purchaser for its property.
