The US Government wants the Voyager-Binance deal to be halted

2023-3-15 15:08

Key takeaways;

The US Government wants to halt the $1 billion deal between Binance.US and Voyager Digital.

The government said the deal should be on hold while key legal objections are ironed out.

Binance looks prime to acquire Voyager Digital’s assets after FTX’s collapse in November.

Government seeks to halt the Voyager-Binance.US deal

The United States government revealed in a filing on Tuesday that it wants the $1 billion deal offered by Binance.US to buy assets of bankrupt crypto lender Voyager to be put on hold until key legal objections are ironed out. 

This latest cryptocurrency news comes after an appeal by the U.S. Trustee, a branch of the Department of Justice responsible for bankruptcy cases. The US Trustee has concerns that the deal would ensure that Voyager and its staff would not be held responsible for breaches of tax or securities law.

The filing by U.S. Attorney Damian Williams said;

“The Court cannot tell the Government to speak now or forever hold its peace before Voyager and Binance.US wed. Nothing in the Bankruptcy Code permits courts to exculpate parties from liability to the Government for past and future conduct.”

According to Williams, the approval of the deal should be paused, or at least the parts which limit the US Government’s ability to enforce the law, until appeals are properly addressed in higher courts. 

Binance.US looks set to complete Voyager Digital’s acquisition

The appeal comes a week after New York bankruptcy judge Michael Wiles approved the deal. The judge showed considerable skepticism of arguments from the Securities and Exchange Commission, which argued that Voyager’s VGX token might be an unregistered security.

Last month, Voyager Digital sold some of its assets through the US-based cryptocurrency exchange Coinbase.

The company received roughly $100 million in the USD Coin (USDC) stablecoin for sales of several tokens, including Shiba Inu, Ethereum and the native Voyager Token.

Binance.US took the prime position to acquire Voyager Digital’s assets after the collapse of FTX. FTX previously agreed to acquire Voyager Digital before the collapse of the cryptocurrency exchange.

The post The US Government wants the Voyager-Binance deal to be halted appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

iDealCash (DEAL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 3.59 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.00015 (-100%)

government deal key wants hold should ironed

government deal → Результатов: 111


BLOCKS Prepares for the Blockchain Migration, Releases Decentralized Builder Modules

The blockchain is much more than cryptocurrencies and their subsequent creations. If anything, the real deal about blockchain is tokenization–and the surface has barely been scratched. As an illustration, any operation with registries—government or private—can be ported over to a public ledger for solid benefits.

2021-12-7 13:01


Фото:

Indian Government Working on Blockchain Framework to Ease Startup Compliance

Indian government agencies are contemplating leveraging blockchain technology to mitigate compliance burdens on startups, a report by Inc42 claims. Using Blockchain to Ease Startup Compliance In a bid to make it easier for startups to deal with compliance and regulatory hurdles, some Indian government agencies are mulling a move to distributed ledger technology (DLT). Specifically,Read More

2021-8-1 07:00


Фото:

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]

2021-5-23 07:00


Фото:

US Govt Pushes Plan to Send Americans Checks amid Faltering Economy

President Trump has always been a ‘go big or go home’ type of guy, and now one might say he’s putting his money where his mouth is. The U.S. government has set its sights on lining your pockets with cash as part of a whopping $850 billion stimulus deal in its latest attempt to combat […] The post US Govt Pushes Plan to Send Americans Checks amid Faltering Economy appeared first on BeInCrypto.

2020-3-18 00:15


Фото:

Cardano’s (ADA) Charles Hoskinson Announces Key Updates 

Charles Hoskinson, the CEO of Input Output HK (IOHK) and co-founder of the Cardano (ADA) blockchain project, has revealed that the next few months will be quite exciting for the community as numerous updates on the project’s roadmap will take place,  including the Byron reboot, partnership deal with the Tanzanian government, and more, according toRead MoreRead More.

2020-2-26 00:00


Фото:

Simple Ledger Protocol Shines During the Final Day of TNABC Miami

On Friday, The North American Bitcoin Conference (TNABC) convened for its final day with a great deal of well known speakers from the blockchain and cryptocurrency industry. The slew of speakers discussed topics like the future of crypto mining, SLP tokens, digital currency enterprise solutions, creating new markets, and what to expect from government regulation […] The post Simple Ledger Protocol Shines During the Final Day of TNABC Miami appeared first on Bitcoin News.

2020-1-18 04:35


Фото:

PundiX (PXS) Blockchain Project Inks Deal with the Government of Cyprus

PundiX (PXS), a distributed ledger technology (DLT) platform that claims to be dedicated to transforming retail businesses with its blockchain-based point of sale solutions, and Borghese Ventures, a Cyprus-based artificial intelligence (AI), are partnering with the government of Cyprus, for the integration of DLT and AI into several sectors of the nation’s economy, reports EnterprisetimesRead MoreRead More.

2019-11-19 14:00


Фото:

Bank of Canada to Fight Crypto with Own Digital Currency

The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed Digital Currency for More Control Bitcoin came out more than a decade ago as a decentralized, peer-to-peer currency system that enabled privacy and bypassed government control.

2019-10-17 15:00


Фото:

Pakistani politician mistakes GTA V plane footage for real life: ‘Miraculous save by the pilot’

As the world gears up to deal with the confusing future of deep fakes, Pakistani government officials are still struggling to tell apart real world footage from computer-generated imagery. A local politician was caught praising an aircraft pilot for using their “presence of mind” to narrowly avoid what could’ve been a disastrous collision with a truck.

2019-7-9 16:41


Italy’s Planned Mini-BOTS Draw Comparisons To ‘ICO Utility Tokens’

Doubts were raging over Italy’s plans to issue a new currency called ‘mini-bots’ this week after it appeared it would have nothing whatsoever backing its value. Italy’s Paper Backed By Nothing Italy, which is suffering from a crippling debt crisis, is constantly seeking a way out of the red, but its populist government has failed to strike any form of deal with the European Union.

2019-6-14 14:00