Binance.US Acquisition of Voyager Assets Faces Regulatory Opposition

• Binance.US’s $1.02 billion acquisition of Voyager is facing regulatory opposition.
• The SEC stems from concerns about the deal’s potential risks and legal violations.
• The opposition from regulators underscores the challenges faced by cryptocurrency companies.

Binance.US’s plans to acquire defunct crypto lender Voyager assets for $1.02 billion has hit a significant roadblock, as New York and U.S. federal financial regulators oppose the deal.

The Securities and Exchange Commission (SEC) has raised concerns about the legality of the proposed deal between Binance.US and Voyager. According to SEC filings, the regulatory body has noted that the terms of the agreement may infringe on the law, particularly regarding how the plan aims to repay Voyager’s former customers.

Binance.US, the American affiliate of the world’s largest cryptocurrency exchange Binance, announced its intention to acquire the assets of Voyager in January. The deal would have provided Binance.US with Voyager’s customer accounts, technology platform, and other assets, potentially expanding its presence in the U.S. market.

The SEC …

The post Binance.US Acquisition of Voyager Assets Faces Regulatory Opposition appeared first on Coin Edition.