Binance.US has encountered a setback in its plans to acquire the assets of Voyager Digital, a defunct cryptocurrency brokerage, due to the US government’s request to put the proposed deal on hold. Court filings reveal that both the Securities and Exchange Commission (SEC) and New York’s financial regulator have raised objections to the $1 billion transaction, citing various concerns. The SEC stated that the Voyager deal might violate laws on the unregistered offer and sale of securities, while New York’s top financial regulator noted that Voyager illegally operated a virtual currency business within the state without a license. The US Bankruptcy Judge will hold a hearing tomorrow regarding the new objections.
