The U.S. Department of Justice (DoJ) has questioned legal protections for those involved in the transaction between Voyager and Binance US.
Contact us to get the latest developments immediately. Twitter You can follow our Telegram channel.
The U.S. Department of Justice wants to remove a provision that would have prevented bankrupt lender Voyager Digital from legally tracking anyone involved in planning to sell their Crypto assets to cryptocurrency exchange Binance US.
Additionally, U.S. Trustee William Harrington and other government attorneys assert in a petition filed with the New York Bankruptcy Court; “The Court improperly exceeded its statutory authority in granting the pardon.”
U.S. Officials Oppose Voyager and Binance U.S. Agreement
U.S. officials object to protections given to Voyager Digital executives in Binance US sale.
Bankrupt cryptocurrency lender Voyager Digital has had problems changing hands since the FTX process. The company was originally on the agenda for a sale to FTX, which was transferred to Binance following FTX’s bankruptcy. However, U.S. officials have run into trouble with the sale transaction through Binance US.
Despite the massive efforts of the SEC, the deal went through and Voyager Digital was transferred to Binance US. The U.S. Department of Justice and several lawyers are now appealing the Voyager Digital executive’s protective order.
Finally, the U.S. Department of Justice sought to overturn the legal protections granted in these sales cases. In addition, officials claimed that the bankruptcy court “improperly exceeded its mandate.”
U.S. officials are working to roll back regulations that allow them to legally track companies and their employees involved in the processes.
Information source: compiled by 0x information from COINKOLIK.Copyright belongs to the author, without permission, may not be reproduced