The U.S. Committee on Foreign Investment (CFIUS) has stated that the buyout deal between Binance and Voyager may require scrutiny.
If CFIUS detects any national security risks related to these agreements, it will analyze those risks.
Binance and Voyager Deal in Danger
When a foreign investor proposes a deal or merger that would allow him to take control of a US-based company, it is first reviewed by CFIUS to establish that it does not pose a national security concern. This process is optional and the duration of the review can range from 30 days to 1 year.
The committee has the power to block the agreement if it considers that it harms the national interest.
CFIUS plays a crucial role in protecting US technology, intellectual property and infrastructure.
Binance US, the US subsidiary of Binance, announced on December 19 that it has acquired the assets of Voyager Digital for $ 1.022 billion.
Although Voyager agreed with FTX in the first place after its bankruptcy in July, it signed with Binance after the collapse of FTX.
