Court approval of the $1 billion potential acquisition deal between Binance’s US subsidiary Binance.US and bankrupt crypto platform Voyager Digital has been suspended.
The approval decision for the potential acquisition agreement between Binance.US and Voyager Digital has been suspended by the court. $1 billion deal directly affecting this decision, US Department of Justice (DOJ) came after an emergency stop request. Emergency stop request, March 27 on US Futures and Commodities Commission (CFTC) by Binance And To CEO Changpeng Zhao (CZ) after the lawsuit against US District Court of New York judge Jennifer Rearden accepted by
Judge Rearden stated the following in his final decision:
Considering the written presentations of all parties, as well as the conferences and oral discussions on this subject, the government’s emergency request was ACCEPTED.
The potential deal between the two cryptocurrency companies is now at least in line with the U.S. Department of Justice. appeal against bankruptcy plan It will have to hang until finalized.
The U.S. government claimed that it had protected the parties by improperly exceeding the court’s powers in the case in question, and that the sale approval was required to be able to appeal. two week delay had requested. Postponement request in the first stage Judge Michael wiles Although it was rejected by the government, the postponement decision was approved in order to provide a more detailed examination as a result of pressure from the government.
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Related article: Denial of US Government’s Request to Postpone Binance-Voyager Sale: Token Price Rises!
Another Barrier to Binance from the USA: 1 Billion Deal Has Been Suspended! The article named was prepared by Tugay Erdem and published on koinbulteni.com.
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