continuing to appear in the United States Voyager Michael Wiles, the judge of the bankruptcy case, slammed the SEC’s latest request at the hearing today.
The Securities and Exchange Commission SEC debunks the pending crypto debt platform Voyager Binance.US objected to the acquisition. The US arm of the giant crypto exchange has offered $1 billion for the bankrupt startup.
Judge Wiles, SEC After hearing his lawyer’s request at the court hearing, he gave a speech:
“You come here and tell me that I have to stop everyone or there might be a problem. This objection was very strange to me.”
Shocked by the SEC’s objection, the judge stressed that the agency needed to provide clear evidence to welcome his request.
“They Didn’t Warn Customers”
Attorneys for the Securities and Exchange Commission William Uptegrove elaborated on implicit details after the judge’s response. Uptegrove claimed that Voyager did not warn customers of market risks.
Voyager’s lawyers, who took the floor for the defense after the SEC’s objection, focused on the consequences of a possible agreement. Voyager advocates stated that if the acquisition plan materializes, 73% of its debts will be paid off.
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