Judge approved Deal of Voyager with Binance.Us, snubs sec

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Die SEC war die treibende Kraft hinter einer jüngsten Reihe von Ermittlungen in der Kryptoindustrie und einem Vorstoß für eine knallharte Regulierung, um weitere Kernschmelzen zu verhindern. Obwohl die Vorsicht der Kommission definitiv gerechtfertigt ist, glauben bestimmte Stellen, dass die US-Aufsichtsbehörde ein viel zu weites Schleppnetz auswirft – in diesem Fall einschließlich eines Bundesrichters. Milliarden-Deal genehmigt In einer unerwarteten Wendung der Ereignisse hat Voyager Digital laut Bloomberg die Genehmigung des Gerichts erhalten, ihren Deal mit Binance US abzuschließen. Der Deal würde es den Investoren von Voyager ermöglichen, zwischen 50 und 73 % ihrer Beteiligungen zurückzuerhalten, abhängig vom Ausgang der Klage …
The SEC was the driving force behind a recent series of investigations in the crypto industry and a push for a tough regulation to prevent further meltdown. Although the commission's caution is definitely justified, certain places believe that the US supervisory authority throws out a tug network that is far too far-in this case including a federal judge. Voyager Digital, according to Bloomberg, has received the approval of the court in an unexpected turn of the events in an unexpected turn of events. The deal would enable Voyager investors to recover between 50 and 73 % of their participations, depending on the outcome of the lawsuit ... (Symbolbild/KNAT)

The SEC was the driving force behind a latest series of investigations in the crypto industry and a push for a tough regulation to prevent further meltdown.

Although the Commission's caution is definitely justified, certain places believe that the US supervisory authority throws out a tugging network that is far too wide-in this case including a federal judge.

billion-deal approved

In an unexpected turn of the events, Voyager Digital, according to Bloomberg, received the approval of the court to complete her deal with Binance US. The deal would enable investors from Voyager to recover between 50 and 73 % of their participations, depending on the outcome of Alameda's action against Voyager-and the recent increase in value of crypto-assets almost on a broad front.

At the moment, the Voyager believers can win around $ 100 million more if the deal comes about instead of liquidation. If the deal with Binance Us comes about, creditors would have to apply for a refund about the platform from Binance Us.

Voyager has reserved $ 445 million to pay Alameda if the courts instruct the company to return the borrowed funds and then returned by Alameda.

sec from federal judge criticized

As a reason for his decision to approve the sale, US bankruptcy judge Michael Wiles expressed his frustration towards the Sec and the Doj and explained that in the current case it seems to be unsure whether the sale would raise legal problems.

"I cannot freeze the entire case for an indefinite period, while the supervisory authorities find out whether they believe that there are problems with the transaction and the plan."

As a result, judge Wiles confirmed that he would approved the plan after making several tiny wording changes in the agreement.

Peter M. Aronoff, a lawyer of the Doj, mentioned that he and his colleagues consider an appeal against the decision of the judge.

It is worth noting that the somewhat overzealous behavior of the US supervisory authorities is somehow justified. Finally, the law works as a precedent, and they fear that if the current deal is approved, this could serve to legitimize further deals of this kind later, regardless of whether the parties involved are real or not.

On the other hand, Richter Wiles noticed that it was impossible to solve bankruptcy cases if the participants could sue at will, even if the case had already been approved by the judge.

It is now up to the Voyager to decide which procedure they will take.

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