SEC, FTC Push Back on Voyager Sale to Binance.US Amid Probes (2)

The US Securities and Exchange Commission and the US Federal Trade Commission are pushing back in court against Voyager Digital Ltd.’s plan to sell assets to Binance.US in a deal previously valued at $1 billion.

On Wednesday, the SEC filed a new objection to the sale, following an initial objection in January. The agency said there’s insufficient explanation regarding how Binance.US would ensure no third parities would have access to customer wallets or assets. The plan also doesn’t adequately describe the impact of any potential regulatory actions against Binance.US, it said.

The SEC added it’s formally investigating whether ...