U.S. Securities and Exchange Commission (SEC) scrutiny over the digital asset industry continues as the watchdog opposes the Binance US and defunct crypto lender Voyager $1 billion deal. Voyager received the initial court approval in January 2023.
As per the filings, the US SEC is objecting to the final approval of the disclosure statement and the confirmation of the third amended Plan Joint Plan. It mentioned that the plan is unconfirmable under the bankruptcy code.
This move comes after the US SEC recently forced the crypto exchange Kraken to shut down its staking service. The exchange paid $30 million in penalties to settle with the agency. The commission didn’t stop there and went on to serve a notice to Paxos stating that to take an action alleging Binance USD (BUSD) a security.
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The post Breaking: Binance-Voyager $1 Billion Deal Foiled By US SEC appeared first on CoinGape.
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