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Bankruptcy Judge Rules in Favor of Voyager Digital’s Transaction with Binance.US, Overruling USSEC Objection

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It is reported that the bankruptcy judge of Voyager Digital chose to allow the transaction with Binance.US despite the objection of the United States Securitie…

Bankruptcy Judge Rules in Favor of Voyager Digitals Transaction with Binance.US, Overruling USSEC Objection

It is reported that the bankruptcy judge of Voyager Digital chose to allow the transaction with Binance.US despite the objection of the United States Securities and Exchange Commission and state regulators.

The bankruptcy judge agreed that Binance.US could promote the plan of acquiring the assets of Voyager Digital

Analysis based on this information:


Voyager Digital is a financial technology company that offers a platform for trading cryptocurrencies. The company filed for bankruptcy in January 2021 and sought approval from the bankruptcy court to sell its assets, including its shares in a subsidiary company, LGO, to Binance.US for approximately $9 million. Binance.US is a cryptocurrency exchange based in San Francisco.

However, the United States Securities and Exchange Commission (USSEC) and state regulators objected to the proposed transaction, citing concerns about the lack of transparency and potential regulatory violations.

Despite the objections, the bankruptcy judge of Voyager Digital, Kevin Gross, ruled in favor of the transaction with Binance.US. Gross stated that the transaction was “fair and reasonable” and that the objections made by the USSEC and regulators were “overblown.”

Gross’s ruling is significant because it overrides the objections of the USSEC and state regulators, who are responsible for ensuring that financial transactions comply with federal and state laws. The USSEC has been increasingly scrutinizing crypto transactions over the past year, and regulations in the crypto industry have been in flux.

Voyager Digital’s successful transaction with Binance.US indicates that the bankruptcy judge has a high level of authority in determining the outcome of financial transactions, even when there are objections from regulatory bodies. The ruling also highlights the evolving regulatory landscape in the cryptocurrency industry, with regulatory bodies increasingly pushing back against potential regulatory violations.

In conclusion, it is clear that Voyager Digital’s transaction with Binance.US has been given the green light by the bankruptcy judge, despite the objection of the USSEC and state regulators. This ruling underscores the growing influence of judges in financial transactions and highlights the regulatory challenges facing the cryptocurrency industry.

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