Bankruptcy judge: The bankruptcy reorganization of Voyager cannot be delayed due to the unclear power struggle between regulators

On March 7, the hearing on the bankruptcy of Voyager on Monday entered its third day. Although the first two days of the hearing focused on the questions about Voyager, Binance US and other relevant persons involved in the proposed transaction, the third day focused more on the objections to the sale plan of Voyager itself. Michael Wiles, the U.S. bankruptcy judge of the Southern District Bankruptcy Court of New York, said that both parties tried to give the SEC regulatory freedom “within a reasonable range”, but bankruptcy itself was more urgent. Therese Scheuer, a senior attorney at the SEC, opposed some of the disclosures in the proposal, but the judge seemed to disagree with this point.

Interpretation of this information:

The bankruptcy hearing for Voyager has entered its third day, with a focus on objections to the sale plan of Voyager itself. The first two days focused on questions about Voyager, Binance US, and other relevant persons involved in the proposed transaction. The U.S. bankruptcy judge of the Southern District Bankruptcy Court of New York, Michael Wiles, acknowledged both parties’ attempts to give the SEC regulatory freedom “within a reasonable range”, but emphasized the urgency of the bankruptcy. Although senior attorney at the SEC, Therese Scheuer, opposed some of the disclosures in the proposal, Judge Wiles seemed to disagree with her point.