Voyager – Binance.US sale deal runs into new regulatory roadblock
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.
Read more on ambcrypto.com
![Cardano [ADA] hits a price ceiling of $0.388 – Are more gains unlikely?](https://fvbb.com/storage/thumbs_400/img/2023/3/25/60887_fsi.jpg)
![Bitcoin [BTC] can witness a further price hike if these factors are checked](https://fvbb.com/storage/thumbs_400/img/2023/3/25/60879_gv8r.jpg)
![Solana [SOL] outshines Ethereum [ETH] on this crucial parameter](https://fvbb.com/storage/thumbs_400/img/2023/3/24/60876_uj0t.jpg)
