Voyager Sees Outflow of Over $229 Million After Resuming Withdrawals
Binance.US has abandoned its plans to acquire Voyager Digital's assets due to regulatory hurdles in the United States, leaving the future of the bankrupt crypto lender uncertain. Federal and state regulators objected to the deal, arguing it might violate securities laws and registration rules. The situation highlights the need for a clear and uniform legal framework in the United States, as well as open communication between industry players and regulatory agencies.
At first, the SEC officials objected to the Voyager plan, citing Binance.US's alleged operation of an unregistered securities exchange. Currently, the DOJ has become involved.
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