1. QiAi QuestsHome
  2. Crypto & Markets

Hearing on Voyager Bankruptcy Sale Plan

• Crypto & Markets • 69 views

On March 7, the hearing on the bankruptcy of Voyager on Monday entered its third day. Although the first two days of the hearing focused on the questions about…

Hearing on Voyager Bankruptcy Sale Plan

On March 7, the hearing on the bankruptcy of Voyager on Monday entered its third day. Although the first two days of the hearing focused on the questions about Voyager, Binance US and other relevant persons involved in the proposed transaction, the third day focused more on the objections to the sale plan of Voyager itself. Michael Wiles, the U.S. bankruptcy judge of the Southern District Bankruptcy Court of New York, said that both parties tried to give the SEC regulatory freedom “within a reasonable range”, but bankruptcy itself was more urgent. Therese Scheuer, a senior attorney at the SEC, opposed some of the disclosures in the proposal, but the judge seemed to disagree with this point.

Bankruptcy judge: The bankruptcy reorganization of Voyager cannot be delayed due to the unclear power struggle between regulators

Interpretation of the news:


The bankruptcy hearing on Voyager entered its third day on March 7, which focused on objections to the sale plan of Voyager. The first two days of the hearing mainly focused on questions about Voyager, Binance US and other relevant persons involved in the proposed transaction. Michael Wiles, the U.S. bankruptcy judge of the Southern District Bankruptcy Court of New York, stated that both parties tried to give the SEC regulatory freedom “within a reasonable range”, but bankruptcy itself was more urgent which shows that the focus would be on the sale plan of Voyager.

Therese Scheuer, a senior attorney at the SEC, has opposed some of the disclosures mentioned in the proposal. However, the judge seemed to disagree with this point. This can signify that the court may be in favor of Voyager’s sale plan. The judge seems to be more concerned about the urgency of the bankruptcy, which suggests a sense of urgency or a need to act fast.

The hearing’s main focus on the objections to the sale plan of Voyager reveals that the court is taking a serious look at the situation. It sends a message that Voyager’s sale plan is critical, and thus, it is being reviewed with great scrutiny. It also indicates that there might have been objections or doubts raised in relation to Voyager’s sale plan. The fact that Therese Scheuer, a senior attorney at the SEC, opposed some of the disclosures in the proposal can imply that there might be potential regulatory issues or risks with the transaction.

In conclusion, the third day of the Voyager bankruptcy hearing was focused on objections to the sale plan, where the judge emphasized the urgency of the bankruptcy. Although there were certain objections raised by the senior attorney at the SEC, the judge seemed to disagree with some of the points, indicating that the court is keen on approving Voyager’s sale plan. Overall, the hearing’s outcome would have a significant impact on the future of Voyager.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/5605.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/07/2023 02:20
Next 03/07/2023 02:38

Related recommendations