
Binance.US’s Voyager Acquisition Hits Regulatory Snag
Voyager Digital, an insolvent lender, has hit a roadblock in its plan to sell its digital assets to Binance.US, a cryptocurrency exchange, due to an objection by U.S. authorities. The objection stems from a clause in the agreement that would prevent U.S. authorities from taking legal action against anyone involved in the sale. U.S. Trustee William Harrington and other government lawyers filed a motion before a New York bankruptcy court, claiming that the court exceeded its statutory power in authorizing the clause. While not objecting to other aspects of the transaction, U.S. authorities argue that the clause would make it