What did you do? US judge criticizes the SEC against the Binance Voyager deal

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Von Krypto News Österreich

US-Insolvenzrichter Michael Wiles äußerte sich am 2. März bei einer Gerichtsverhandlung in New York. Der Umstrukturierungsplan von Voyager Digital würde den Verkauf von Vermögenswerten im Wert von etwas mehr als 1 Milliarde US-Dollar an Binance.US beinhalten. Die SEC hat sich jedoch gegen die Transaktion ausgesprochen und behauptet, sie verstoße gegen Wertpapiergesetze. Auf die Frage nach den Gründen für die Opposition konnte SEC-Anwalt William Uptegrove laut Reuters keine eindeutige Antwort geben. In seiner typischen vagen Herangehensweise sagte der SEC-Anwalt: „Wir können zu diesem Zeitpunkt keine Position beziehen“, bevor er hinzufügte: „Die SEC ist ein beratendes Gremium, und ihr Verfahren ist nach …
US bankruptcy judge Michael Wiles commented on March 2 at a trial in New York. The Voyager Digital restructuring plan would include the sale of assets worth a little more than $ 1 billion. However, the SEC spoke out against the transaction and claims that it violates securities laws. According to Reuters, SEC lawyer William Uptegrove could not give a clear answer to the question of the reasons for the opposition. In his typical vague approach, the SEC lawyer said: "We cannot take a position at this point" before adding: "The SEC is an advisory committee, and its procedure is ... (Symbolbild/KNAT)

US insolvency judge Michael Wiles commented on March 2 at a trial in New York.

The restructuring plan from Voyager Digital would include the sale of assets worth a little more than $ 1 billion. However, the SEC has spoken out against the transaction and claims that it violates securities laws.

When asked about the reasons for the opposition, SEC lawyer William Uptegrove was not able to give a clear answer, according to Reuters.

In his typical vague approach, the SEC lawyer said: "We cannot take a position at this point" before adding: "The Sec is an advisory body, and its procedure is not public according to the federal law."

Richter Wiles was not too impressed by this answer:

"One thing is one thing, but what did you do? If there are reasons to worry, I have to find out details."

Sec Crypto Warpath continues

The SEC has tightened its war against crypto this year and seems to bomb the entire industry with "carpet bombs". Gary Gensler and his team are convinced that every crypto-asset is a securities except Bitcoin.

In this special case, the supervisory authority claims that VGX sales of Voyager violated securities laws, but still has to provide details.

If the deal with Voyager Binance is approved by Richter Wiles, the sale of assets cannot be completed until the final approval of the SEC and the Committee on Foreign Investment in the United States (CFIUS), both of which are against it.

Richter Wiles turned to the lawyer of the SEC and continued: "They come here and tell me ... that I should be all stopped because they could have a problem" and added: "It is a strange objection."

"I have the feeling that this objection was made as a kind of camouflage so that they can later say that we will see that we have addressed these problems."

Voyager customer in favor

According to Voyager lawyer Christine Okike, it is estimated that the sale will enable customers to retain about 73 % of the value of their deposits at the time of the insolvency application by the crypto loan.

A recently carried out survey under the owners of Voyager accounts with claims showed that 97 % of them advocated the restructuring contract.

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