Clause

  • 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…

    03/15/2023
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