SEC opposes Binance.US plan to acquire Voyager Digital

The U.S. Securities and Exchange Commission (SEC) has filed a “limited objection” to Binance.US’ plan to acquire Voyager Digital, a cryptocurrency lender that has filed for $1,000 in bankruptcy. A limited objection was filed on January 4, pointing out that Binance.US did not have details on its funding capabilities. including the nature of the action after closing the deal AND how will the customer’s property be secure? in the process Limited objections are similar to normal objections. But it only applies to certain parts of the review process. The regulator also wants Voyager to reveal more details about what would happen if the deal isn’t finalized on April 18. amended disclosure statement prior to a hearing on this matter. Some commentators interpreted the SEC’s objection as saying that Binance.US may not be able to make an acquisition without an “improper deal,” such as receiving money from Binance’s main unit while Binance.Changpeng CEO Zhao (CZ ) has publicly described Binance. The United States as a “fully independent entity,” Reuters reports.

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