Saturday, February 4, 2023

Why the US SEC Has Objected to Binance’s Voyager Takeover Deal

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The US Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’s proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy court filing showed on Wednesday. The regulator pointed out the failure to include necessary information in Binance.US’s disclosure statement.

It said the purchase agreement lacks details on the crypto exchange’s ability to close the deal and has asked for more information on the nature of the company’s business operations following the deal, according to the filing.

Attorneys for Voyager and Binance.US did not immediately respond to requests for comment.

Last month, the US Committee on Foreign Investment in the United States (CFIUS) said its review could delay or block the deal.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: Gadgets360

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