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Voyager – Binance.US sale deal runs into new regulatory roadblock

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The plan by insolvent lender Voyager Digital to sell its digital assets to cryptocurrency exchange Binance.US includes a clause that would preclude U.S.

authorities from bringing legal action against anyone connected to the sale. According to a motion filed by U.S. Trustee William Harrington and other government lawyers before a New York bankruptcy court, “the court improperly exceeded its statutory power” in authorizing the pardoning.

In fact, they have asked for a two-week hold on the court’s approval of the transaction so that they could submit an appeal.

The clause, which the court authorized on March 7 after finding that 97% of Voyager customers supported the idea, was designed to shield those involved in the sale from being held personally accountable for its implementation.

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