The deal was previously halted by the SEC, given the green light, and stopped again by the CFTC and U.S. District Courts.
After Binance US and Voyager Digital reached an agreement for a buyout, the process of getting the deal approved began.
At first, the SEC and the DOJ requested more time to gather evidence that could block the sale.
However, the motion was denied by the judge presiding over the case, who stated that he could not hold up a solution agreed upon by both businesses and anxious creditors without good reason.
Creditor’s hopes of a speedy restitution were dashed shortly after when, following pressure from the CFTC – who was in the middle of an investigation into Binance US’s dealings – the deal was once again halted on the 27th of March.
Nevertheless, the plan has now been approved, following a joint resolution reached by Voyage, Binance US, the committee of unsecured creditors, and the courts.
Although the exact date when the deal will be set in stone is still unknown, it is expected to go into effect as soon as possible, ending a case that has been dragging on since last summer.
The post Voyager-Binance Deal Moves Forward After Further Deliberation appeared first on CryptoPotato.
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