The SEC has objected to Binance US’s agreement to purchase Voyager Digital’s assets.
The regulator has requested more details on how the cryptocurrency exchange can meet the deal.
SEC Appeals Deal
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’ agreement to purchase the assets of bankrupt crypto lender Voyager for $1.02 billion.
In its filing, the SEC questioned the adequacy of the information in Binance US’s statement, along with its ability to complete a transaction of this size, as well as how it plans to secure client assets.
Additionally, he said Binance US should provide details on how it will rebalance its cryptocurrency portfolio.
The regulator stated that he had raised his concerns to the advisor of Binance US and requested that a revised disclosure statement be submitted to them.