SEC Files Limited Objection to Binance US's $1.02 Billion Acquisition of Voyager

The U.S. Securities and Exchange Commission (SEC) has raised limited objections to Binance US’ proposed $1.02 billion acquisition of bankrupt cryptocurrency lending platform Voyager, as CoinDesk reported. Details of the exchange’s ability to “perform a transaction of this size,” as well as details of how Binance US intends to protect customer assets and how Binance US will rebalance its cryptocurrency portfolio. The SEC said it communicated its concerns to Binance US’s lawyers and was told it would file a revised disclosure statement before its next hearing. The sale was also disputed by the Texas Securities Commission and the Texas Department of Banking, saying Voyager and Binance US "do not comply with Texas law and are not authorized to do business in Texas." ".