Binance US Voyager Acquisition Agreement Gained US Government Approval

Key Points:

• Voyager creditors have agreed with the US government to promote trading on Binance US.
• The US government has agreed it can proceed with the agreement without a continuation of the appeal clause and will not be stopped.
• Voyager and UCC are working with Binance US to expedite the deal quickly.

The Voyager Unsecured Creditors Committee (UCC) and the US government have reached a resolution authorizing the planned redemption of Binance US.

The resolution is embodied in a general clause that states that appeals will continue against the plan’s waiver provision, which the US government has agreed can continue with the agreement without it and will not be stopped.

“The resolution is embodied in a joint stipulation providing that the appeals will continue with respect to the Plan’s exculpation provision. The Government has agreed that the Plan may move forward without such provision and will not otherwise be subject to the stay.”

Voyager and the Unsecured Creditors Committee are working with Binance.US to proceed with the transaction as soon as the District Court approves the terms.

Earlier, the US government continued to block the acquisition of the bankrupt cryptocurrency company Voyager by Binance US. Most recently, the Department of Justice filed an appeal against a New York court judge’s approval decision. Or before that, the US Securities and Exchange Commission (SEC) also took a similar action, citing a violation of federal securities laws because Binance US is an unregistered stock exchange with this agency.

Bankruptcy crypto company Voyager decided to sell to crypto platform FTX. Still, its sudden collapse in a short time left the acquisition in the hands of Binance US. However, Voyager investors still have to wait a long time to start receiving their compensation due to dissatisfaction from the US government.

However, the decision was changed to make this acquisition flourish, and Voyager’s VGX token also recorded a substantial increase following the news. Currently, VGX is trading at $0.377, up 6% in 24 hours

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