SEC Blocks Binance.US Voyager $1 bn Digital Buy
The Securities and Exchange Commission (SEC) of the United States has filed a limited objection to Binance.US’ proposed $1 billion acquisition of bankrupt cryptocurrency lender Voyager Digital, according to a bankruptcy court filing on January 4th.
The regulator cited Binance.disclosure US’s statement for failing to include required information.
According to the filing, the purchase agreement lacks details on the crypto exchange’s ability to close the deal, and it has requested more information on the nature of the company’s business operations following the deal.
Voyager and Binance.US attorneys did not immediately respond to requests for comment.
(Reporting by Shikha Singh; Editing by Kapil Rajyaguru)
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