Binance US Bid For Voyager Faces SEC Objections

Binance US Bid To Acquire Voyager Faces SEC Objections

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As per the reports, the US SEC has filed a limited objection to Binance.US's proposed $1 billion acquisition of Voyager Digital.

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The regulator pointed out that Binance.US's disclosure statement did not contain the required information.

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The acquisition agreement lacked details about the cryptocurrency exchange's ability to complete the transaction.

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Also they have asked for more information about the nature of the company's post-deal operations, the filing said.

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Earlier, the U.S. Committee on Foreign Investment said its review could delay or block the deal.

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As per previous reports, it was noted that Binance has been the subject of a money laundering probe by U.S. prosecutors.

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To this, Binance US which is based in California's Palo Alto said that it’s a separate American exchange and is fully independent of the main Binance platform.

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