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Judge expresses suspicion towards SEC’s attempt to prevent Binance US from acquiring Voyager Digital assets

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According to reports, Michael Wiles, a judge of the bankruptcy court of Voyager Digital, said in a court hearing on Thursday that he was seriously suspicious o…

Judge expresses suspicion towards SECs attempt to prevent Binance US from acquiring Voyager Digital assets

According to reports, Michael Wiles, a judge of the bankruptcy court of Voyager Digital, said in a court hearing on Thursday that he was seriously suspicious of the attempt of the United States Securities and Exchange Commission (SEC) to prevent Binance US from acquiring the assets of Voyager Digital. The SEC has said that this US $1.02 billion transaction should be blocked, because Voyager’s tokens may constitute unregistered securities.

Voyager Bankruptcy Judge: SEC’s opposition to the acquisition of Binance US is a disguise

Interpretation of the news:


In a recent court hearing, Michael Wiles, a judge of the bankruptcy court of Voyager Digital, expressed serious suspicion regarding the attempt of the United States Securities and Exchange Commission (SEC) to prevent Binance US from acquiring the assets of Voyager Digital. The SEC had reportedly stated that the US $1.02 billion transaction should not proceed, as tokens from Voyager Digital may be considered as unregistered securities. However, Judge Wiles has raised concerns over the SEC’s approach, questioning the validity and impact of their actions.

The case involves Binance US’s efforts to acquire assets from Voyager Digital, a company that offers commission-free cryptocurrency trading services. The SEC had raised concerns that some of Voyager Digital’s tokens may be considered unregistered securities, which would put them in violation of US security laws. This would also mean that the acquisition of these tokens by Binance US would be illegal, and therefore should not be allowed to proceed. However, Judge Wiles has questioned the validity of this allegation, noting that the SEC has not provided any specific evidence to support their claim.

The judge also expressed his suspicion regarding the potential impact of the SEC’s action against Voyager Digital. He pointed out that if the SEC’s allegations prove to be unfounded, it could have far-reaching negative consequences for the cryptocurrency industry, as these actions would discourage new entrants from joining the market, and may even lead to some established players to withdraw. He stressed that regulatory bodies should be careful and thorough in their investigations before making allegations that could have significant implications for companies and the industry as a whole.

In conclusion, Judge Wiles’ comments in the court hearing regarding the SEC’s attempt to prevent Binance US from acquiring assets from Voyager Digital highlights the contentious regulatory environment surrounding cryptocurrencies and unregistered securities in the United States. His concerns regarding the validity and impact of the SEC’s allegations underscore the importance of regulatory agencies to be thorough and cautious in their investigations, and not to make unfounded allegations that could have far-reaching negative consequences for the industry.

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