The U.S. authorities has appealed a judicial resolution that accredited the sale of Voyager Digital’s belongings to Binance.US, in response to a submitting on March 9.
Two authorities companies 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 companies appealed the sale, reviews from Reuters counsel that regulators are involved with defending workers from authorized claims that may end result from chapter proceedings. They’re additionally involved about their very own skill to implement laws as a result of decide’s broadly-written approval.
SEC has contested the sale too
The decide 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.
Choose Michael Wiles confirmed hostility in 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 to cope with it rapidly.
Whatever the consequence, Voyager itself should additionally think about the phrases of the deal and determine whether or not Binance.US is an acceptable purchaser for its belongings.