The U.S. authorities has appealed a judicial choice that authorized the sale of Voyager Digital’s belongings to Binance.US, in line 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, experiences from Reuters counsel that regulators are involved with defending staff from authorized claims that may consequence from chapter proceedings. They’re additionally involved about their very own potential to implement laws as a result of decide’s broadly-written approval.
SEC has contested the sale too
The decide overseeing the case approved Voyager’s sale plans on March 7. Previous to that approval, the U.S. Securities and Change 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 decide will try and take care of it shortly.
Whatever the end result, Voyager itself should additionally contemplate the phrases of the deal and determine whether or not Binance.US is an acceptable purchaser for its belongings.
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