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Dispute Over Clause in Sale of Digital Assets from Voyager Digital to Binance.US

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Dispute Over Clause in Sale of Digital Assets from Voyager Digital to Binance.US

On March 15th, US officials wanted to remove a clause contained in Voyager Digital’s plan to sell its digital assets to Binance.US, which would prevent them from legally pursuing anyone involved in the sale. In a motion filed in the New York Bankruptcy Court on March 14th, the United States trustee, William Harrington, and other government lawyers argued that the court improperly exceeded its statutory powers in approving a pardon. They asked the court to defer approval of the sale for two weeks in order for them to file an appeal.

US officials want to remove the exemption clause protecting their executives from the proposed sale of Voyager assets

Analysis based on this information:


On March 15th, the United States officials raised an issue over a clause present in the plan of Voyager Digital to sell its digital assets to Binance.US. The clause in question would have prevented the US government from legally pursuing anyone involved in the sale of digital assets. The United States trustee, William Harrington, and other government lawyers filed a motion in the New York Bankruptcy Court on March 14th, arguing that the court had exceeded its statutory powers in approving such an agreement. They requested a delay of two weeks in the approval of the sale agreement to allow them to file an appeal.

The dispute suggests that the US government is concerned about the possibility of criminal activities that may take place within the sale of digital assets. The government wants to ensure that it has the power to legally pursue anyone who may be involved in such wrongdoing. This highlights the fact that digital assets are a new market and that legal frameworks are still being developed to regulate them. In such a nascent market, it is essential that there is a clear framework for regulating the buying and selling of digital assets to prevent criminal activities and protect investors.

The request made by the United States trustee and other government lawyers for a delay in the sale agreement highlights the fact that regulatory frameworks for digital assets are still very much in a state of flux. While there is no doubt that digital assets are an exciting new development, it is also essential that regulators work hard to ensure that the market operates in a way that is safe and secure for all stakeholders.

In conclusion, the dispute over the clause in the sale agreement for digital assets from Voyager Digital to Binance.US highlights the need for clear regulatory frameworks for new markets such as digital assets. The US government is right to be concerned about the possibility of criminal activities in the buying and selling of digital assets. However, a clear regulatory framework for digital assets is needed to prevent such activities and to promote investor confidence in this exciting new market.

Overall, the keywords for this article could be digital assets, sale agreement, and legal pursuit.

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