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Judge Approves Voyager Acquisition by Binance US Despite SEC Objection

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It is reported that the judge rejected the objection of the SEC and other regulatory agencies to the acquisition of Voyager by Binance US at the hearing, and c…

Judge Approves Voyager Acquisition by Binance US Despite SEC Objection

It is reported that the judge rejected the objection of the SEC and other regulatory agencies to the acquisition of Voyager by Binance US at the hearing, and clearly told the SEC that it would not delay the transaction because of its objection, which indicates that the transaction will be approved after the hearing. 97% of creditors are in favor of this transaction, and creditors may recover 73% of assets in the end. （CoinDesk）

The judge rejected the objection of the SEC and other regulatory agencies to the acquisition of Voyager by Binance US

Interpretation of the news:


In a triumph for Binance US, the judge presiding over the acquisition of Voyager has rejected objections raised by the Securities and Exchange Commission (SEC) and other regulatory agencies. This development indicates that the transaction will likely be approved once the hearing is completed, unless there are any unforeseen changes.

According to the report, at the hearing, the judge clearly expressed that the SEC’s objection would not delay the transaction, suggesting that the regulatory body’s concerns were not compelling enough to warrant derailing the acquisition. This outcome is considered to be a significant win for Binance US, as well as a potential sign of the SEC’s loosening grip on the digital asset industry.

Additionally, the report noted that 97% of creditors had voted in favor of the deal. This means that the overwhelming majority of creditors are supportive of the acquisition and have demonstrated their faith in Binance US, despite any ongoing controversy or regulatory scrutiny.

Finally, the report indicated that creditors could potentially recover 73% of their assets once the acquisition has been completed, further reinforcing the notion that this deal could be a boon for all involved parties. While there may still be some lingering concerns or uncertainties surrounding the acquisition, the judge’s decision to reject the SEC’s objection is undoubtedly a positive sign for Binance US and may pave the way for smoother regulatory approvals in the future.

In conclusion, the judge’s decision to reject the SEC’s objection to Binance US’s acquisition of Voyager suggests that the regulatory environment may be shifting in favor of digital assets. Additionally, the high level of creditor support and potential asset recovery following the acquisition highlights the benefits of this deal for all parties involved. Moving forward, it will be interesting to see how this transaction continues to develop and what implications it may have for the broader digital asset landscape.

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