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Voyager to Comply with Applicable Laws to Advance Binance US Transaction: Court Approves Settlement

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On April 22nd, the Voyager Unsecured Creditors Committee announced on social media that the US District Court has approved a resolution to settle with the US authorities to advance

Voyager to Comply with Applicable Laws to Advance Binance US Transaction: Court Approves Settlement

On April 22nd, the Voyager Unsecured Creditors Committee announced on social media that the US District Court has approved a resolution to settle with the US authorities to advance the Binance. US transaction. Voyager has submitted a motion requesting the court to order the delegation of its representatives to comply with applicable laws while improving the plan. Given the current state of the encryption industry and the statements and actions of regulatory agencies, Voyager will seek further clarification from the court, It is possible to allocate funds (or take any other necessary action to do so) to its clients in legal tender to the extent necessary to comply with applicable laws.

Voyager Creditor Committee: The District Court has approved a resolution to settle with the US authorities to advance the Binance. US transaction

**Introduction**
On April 22nd, Voyager Unsecured Creditors Committee announced on social media that the US District Court has approved a resolution to settle with the US authorities to advance the Binance US transaction. This move requires Voyager to comply with applicable laws while improving the plan. In light of the current state of the encryption industry and regulatory agencies’ statements and actions, Voyager plans to seek further clarification from the court, including the possibility of reallocating funds to clients in legal tender to comply with applicable laws. In this article, we will delve deeper into the implications of this decision and what it means for Voyager.
**Background**
Voyager Digital is a provider of cryptocurrency trading platforms and services based in Toronto, Canada. The platform aims to provide traders with access to liquidity in the digital asset markets around the globe. Voyager announced its intention to acquire LGO Markets in October 2020. The acquisition was expected to pave the way for Voyager to launch its services in the European market. In December, Voyager completed its merger with LGO, creating a leading institutional-grade brokerage for digital assets.
**The Current Case**
In March 2021, the US Securities and Exchange Commission (SEC) charged Binance, one of the world’s largest cryptocurrency exchanges, with illegally selling securities in the United States. The SEC alleged that Binance allowed US residents to buy and sell cryptocurrency derivatives, which are regulated as securities. The case was filed in the US District Court for the Southern District of New York. Binance denied the allegations and said the SEC’s complaint was “meritless.” Voyager is currently working on its deal with Binance but noted that it is essential to comply with applicable laws while advancing the plan.
**Implications for Voyager**
The court’s decision to approve the settlement between the US authorities and Voyager means that the company can proceed with its plan to advance the Binance US transaction. However, Voyager must comply with applicable laws, which could impact the allocation of funds or other necessary actions to comply with these laws.
Given the current state of the encryption industry and regulatory agencies’ statements and actions, Voyager plans to seek further clarification from the court. The company wants to ensure compliance with applicable laws while also meeting the needs of its clients.
**FAQs**
Q1: What is the Binance US transaction, and what does it mean for Voyager?
A1: The Binance US transaction is a deal that Voyager plans to launch with Binance, one of the world’s largest cryptocurrency exchanges. The agreement would give Voyager clients access to Binance’s liquidity in the US. The recent court decision means that Voyager can move forward with the plan, but it must comply with applicable laws to do so.
Q2: What are the current challenges facing the encryption industry?
A2: The encryption industry is facing challenges from regulatory agencies worldwide. The SEC in the US has been particularly active, alleging that certain digital assets should have been registered as securities. The industry is also grappling with concerns around fraud, money laundering, and cybercrime.
Q3: How will Voyager comply with applicable laws while pursuing the Binance US transaction?
A3: Voyager has stated that it will seek further clarification from the court regarding what is required to comply with applicable laws. If necessary, Voyager will allocate funds or take other necessary actions to ensure compliance and meet the needs of its clients.
**Conclusion**
The recent court decision approving the settlement between Voyager and the US authorities has paved the way for the company to advance its Binance US transaction. However, Voyager must comply with applicable laws to do so. Given the recent regulatory scrutiny of the encryption industry, Voyager plans to seek further clarification from the court before proceeding with its plan. The company’s priority is to ensure compliance with applicable laws while meeting the needs of its clients.

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