The judge rejected the objection of the SEC and other regulatory agencies to the acquisition of Voyager by Binance US

It is reported that the judge rejected the objection of the SEC and other regulatory agencies to the acquisition of Voyager by Binance US at the hearing, and clearly told the SEC that it would not delay the transaction because of its objection, which indicates that the transaction will be approved after the hearing. 97% of creditors are in favor of this transaction, and creditors may recover 73% of assets in the end. (CoinDesk)

The judge rejected the objection of the SEC and other regulatory agencies to the acquisition of Voyager by Binance US

Interpretation of this information:

Keywords: Judge, SEC, Voyager, Binance US, Approval, Creditors, Recovery

The recent acquisition of Voyager by Binance US was recently caught in a legal tussle with the SEC and other regulatory agencies, who objected to the transaction. However, the latest news indicates that the judge has rejected the objections raised and will not delay the transaction any further. This is positive news for Binance US, as it suggests that the acquisition deal will soon be approved.

The objections raised by the SEC and other regulatory bodies were likely due to concerns over the potential risks and implications of the acquisition. Binance US is a cryptocurrency exchange, and the acquisition of Voyager, a commission-free trading app, would give it access to a new market segment. However, the deal could also raise antitrust concerns, as it could create an unfair monopoly for Binance US in the market.

Despite these concerns, the judge has decided not to delay the transaction any further, implying that the objections raised were not strong enough to warrant a postponement. This suggests that the regulators may have been overstating their concerns, and that the acquisition will be beneficial for both companies.

It is also reported that 97% of creditors are in favor of this transaction, which is another reason why the deal should move forward. Creditors are the individuals or entities who are owed money by Voyager, and the acquisition could help them recover some of their assets. It is further reported that creditors may recover up to 73% of their assets in the end, which is a significant recovery.

In summary, the rejection of objections by the judge is an important milestone for the acquisition of Voyager by Binance US, and it indicates that the deal is likely to go through soon. The high percentage of creditors in favor of the transaction is another positive factor, as it suggests that this deal could help them recover some of their investments. Overall, this news is a positive development and should be welcomed by those interested in the cryptocurrency market.

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