Voyager assets BinanceIts acquisition by .US has been tracked by the SEC. Attorney John Deaton thinks the leading cryptocurrency exchange may have problems with regulators.
Representing “XRP holders” in the ongoing Ripple-SEC litigation John Deatoncommented on the SEC’s objection to Binance.US’s acquisition of Voyager assets. The lawyer thinks this appeal could be the start of legal action against the leading exchange.
Unfortunately, I suspect this is a sign of a future argument. https://t.co/ftQecSu7yS
— John E Deaton (@JohnEDeaton1) January 4, 2023
NEWS CONTINUES BELOW
As we have reported as Koinfinans.com SEC recently objected to Binance.US’s acquisition of Voyager assets. The regulator expressed its dissatisfaction with Binance.US’s disclosure statement and cryptocurrency expressed concern about how the exchange aims to finance the $1.02 billion transaction.
According to the details of the said deal, Binance.US will pay $20 million for Voyager’s client accounts. As a matter of fact, if the existing debts are taken into account, the expenses exceed 1 billion dollars.
The lawyer representing the cryptocurrency exchange announced that they will submit a disclosure statement until the next hearing. Specifically, Voyager will seek permission from the court to sell its assets during a hearing that will take place today.
SEC Will Go After Binance.US!
Deaton, who is also the founder of CryptoLaw, has previously made the claim that the SEC will investigate cryptocurrency exchanges. While repeating this prediction recently, the lawyer stated that e SEC gained confidence due to its success against LBRY and the collapse of FTX.