SEC, New York Regulator Oppose Binance.US $1 Billion Deal for Voyager

SEC, New York Regulator Oppose Binance.US $1 Billion Deal for Voyager
Voyager Digital logo and decreasing stock graph are seen in an illustration taken on July 7, 2022. Dado Ruvic/Illustrations/Reuters
Reuters
Updated:

The U.S. Securities and Exchange Commission (SEC) and New York’s top financial regulator have opposed crypto exchange Binance.US’s $1 billion deal to buy bankrupt crypto lender Voyager, the latest in a string of U.S. regulatory moves against crypto firms.

The Voyager deal may violate laws on the unregistered offer and sale of securities, the SEC said in a filing on Wednesday.