Texas Objection to Binance.US-Voyager Deal Cites Link to Binance

Texas officials are doubling down on their objection to a proposed deal between bankrupt crypto exchange Voyager Digital Ltd. and Binance.US, according to documentsfiled 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.

“The independence of Binance.US from ...