The Voyager Binance deal will continue after further considerations

The Voyager Binance deal will continue after further considerations

The deal was previously stopped by the SEC after the green light was given, and again stopped by the CFTC and the US district courts.

• After Binance Us and Voyager Digital had reached an agreement on a buyout, the process for obtaining the deal was approved began .
• First of all, the SEC and the doj demanded more time to collect evidence that could block the sale.
• The application, however, was rejected by the presiding judge on the grounds that he could not stop a solution agreed by companies and concerned creditors.
• The believers' hopes for a quick reimbursement were destroyed shortly afterwards when the deal was stopped again on March 27 on pressure of the CFTC - which was in the middle of an investigation of the business of Binance US.
• Nevertheless, the plan was now approved after a joint decision by Voyage, Binance Us, the committee of the unsecured creditors and the courts.
• Although the exact date on which the deal in stone is set up is still unknown, it is expected that it will come into force as soon as possible and end a case that has dragged on since last summer.

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