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On April 6th, Appeal Filed Against Court Order Opposing Binance. US’s $1 Billion Acquisition of Voyager: What Happens Next?

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On April 6th, according to the Voyager Unsecured Creditors Committee\’s announcement on social media, an appeal was filed on Monday against a court order opposing Binance. US\’s $1 b

On April 6th, Appeal Filed Against Court Order Opposing Binance. USs $1 Billion Acquisition of Voyager: What Happens Next?

On April 6th, according to the Voyager Unsecured Creditors Committee’s announcement on social media, an appeal was filed on Monday against a court order opposing Binance. US’s $1 billion acquisition of Voyager. According to the US Administrative Procedures Act, if the transaction is not completed on April 18th, Binance. US can voluntarily terminate the acquisition. To complete the transaction on or before April 18th, certain conditions under the Administrative Litigation Act need to be met before April 13th. Therefore, the Voyager Debt Commission has proposed an urgent motion to request the court to expedite the briefing during the Second Circuit, so that a ruling on the appeal can be made before April 13th and efforts to reach a consensus solution with the US government can continue.

Voyager Debt Committee: If the transaction is not completed by April 18th, Binance. US may voluntarily terminate the acquisition

Introduction

On April 6th, 2021, the Voyager Unsecured Creditors Committee made an announcement on social media, informing the public that an appeal was filed against a court order opposing Binance. US’s $1 billion acquisition of Voyager. The announcement created a buzz in the crypto world because the acquisition has been in the works for months. The news raises questions about the future of the acquisition and what will happen next.

Background

Binance. US is a popular cryptocurrency exchange platform that provides customers with access to a wide range of digital currencies. Voyager is a digital currency firm that provides customers with trading, investment, and custodial services. The potential acquisition of Voyager by Binance. US was expected to create a larger, more comprehensive platform for crypto investors.
However, the acquisition hit a snag when the United States government intervened. The U.S. government and its regulators are concerned about the acquisition’s implications for national security. As a result, they filed a lawsuit in March to block the acquisition. The court granted their request, effectively halting the acquisition.

The Appeal

The Voyager Unsecured Creditors Committee has filed an appeal against the court order that blocks the acquisition. The appeal is the latest twist in the ongoing saga surrounding the Binance. US and Voyager acquisition. The Voyager Debt Commission has proposed an urgent motion to request the Second Circuit Court to expedite the briefing process. They hope that a ruling on the appeal can be made before April 13th, allowing Binance. US to complete the transaction by April 18th.
According to the US Administrative Procedures Act, if the conditions under the Administrative Litigation Act are not met before April 13th, Binance. US may voluntarily terminate the acquisition. The clock is ticking, and the outcome of the appeal will determine whether the acquisition goes through or not.

Possible Outcomes

There are several possible outcomes arising from the appeal. If the court upholds the original ruling, Binance. US will not be able to complete the acquisition, and the deal will be off the table. This outcome is the worst-case scenario for both Binance. US and Voyager.
On the other hand, if the court overturns the ruling, Binance. US will be free to complete the acquisition, creating a larger, more comprehensive platform for crypto investors. This outcome will likely be very positive for both companies and the crypto community.
Another possible outcome is that the court may delay its ruling until after the April 13th deadline. If this happens, Binance. US may voluntarily terminate the acquisition, and the deal will not go through. This outcome will be negative for both companies.

Conclusion

The appeal against the court order opposing Binance. US’s $1 billion acquisition of Voyager is an important development in the crypto world. The outcome of the appeal will determine the fate of the acquisition, and there are multiple possible outcomes. The next few days will be crucial as the court determines what happens next.

FAQs

1. What is the Administrative Procedures Act?
The Administrative Procedures Act is a US federal law that governs agency rulemaking and the judicial review of agency decisions.
2. Why is the US government opposed to the acquisition?
The US government is concerned about the potential national security implications of the acquisition.
3. What happens if the court does not make a ruling before April 13th?
If the court does not reach a ruling before April 13th, Binance. US may voluntarily terminate the acquisition.

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