Texas’ Objections to Voyager Sale to Binance.US Cites Connections to Binance Holdings
07/04/2023 12:20
Texas officials are doubling down on their objection to a proposed deal between bankrupt crypto exchange Voyager Digital Ltd. and Binance.US, according to documents filed in New York bankruptcy court on Friday.
Texas officials are doubling down on their objection to a proposed deal between bankrupt crypto exchange Voyager Digital Ltd. and Binance.US, according to documents filed in New York bankruptcy court on Friday.
In a follow up to an earlier objection, lawyers representing the Texas State Securities Board and the Texas Department of Banking cited “inadequate” disclosures around the Binance.US terms of use as an area of concern. It’s the latest in a string of protests from US-based regulators opposing Voyager’s plan to sell assets to Binance.US in a transaction previously valued at $1 billion.