TechFlow news — The U.S. government said in a filing on Tuesday that the proposed $1 billion deal by Binance.US to purchase assets of the bankrupt cryptocurrency lender Voyager should be paused while key legal objections are addressed.
Previously, the U.S. Trustee, a division of the Justice Department overseeing bankruptcy cases, filed an appeal expressing concerns that the deal would effectively exempt Voyager and its employees from potential liability under tax or securities laws.
Last week, New York bankruptcy judge Michael Wiles approved the deal, after expressing considerable skepticism toward the U.S. Securities and Exchange Commission's argument that Voyager's VGX token might be an unregistered security. Original link
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