US SEC contradicts the plans of Binance.Us to acquire Voyager's assets

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Von Krypto News Österreich

The United States Securities and Exchange Commission (SEC) has submitted an application against the sale of Voyager's assets to the KryptoBörse Binance.

according to a Wednesday Submission submitted to the United States Bankruptcy Court for the Southern District of New York, the SEC claims that the transaction would include the sale of unregistered securities.

Sec lean Voyager-Asset-Sale-Plan from

in December Voyager Digital occurred a deal with bony.us to sell his assets to the American stock exchange. After the contract has been concluded, the Voyager users should have access to their funds on the Binance.Us platform.

in January Cryptopotato reported that the SEC raised objections to the deal because the agreement did not contain any details of customer refunds. The Commission asked Voyager to provide further details on how it intends to secure customer assets and to ensure protection against theft or loss by its operators and Binance Us.

The regulatory authority also wanted to ensure that customers are fully refunded before Voyager takes something from the business.

The SEC has now lodged another objection and explains that it examines whether Voyager has violated the Federal Working Laws to fight fraud. The agency said that the deal could contain the sale of non-registered securities because it still took a close look at Voyager's VGX token.

"Here the transactions with crypto assets that are necessary to implement the redistribution, the redistribution of such assets to account holders, can against the prohibition in Section 5 of the 1933 security against the non-registered offer, the sale or delivery after the sale," said the sec.

binance.us is examined: sec

In addition, the SEC is quoted Current reports on the examination of the US regulatory authorities against Binance due to violations of the money laundering rules as the reason why the deal would not get through.

"There are numerous public reports and press reports on investigations against the buyer and his affiliated companies. Regulatory measures, whether with voyager, binance.us or both, could make it impossible to carry out the transactions on the plan, which made the plan unenforceable," added the commission.

In the meantime, the SEC is not the only company that has raised objections to the deal. The Federal Trade Commission (FTC) and Ministry of Finance of New York (NYDFS) have filed a separate objections.

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