The federal judge overseeing bankrupt crypto lender Voyager Digital's effort to sell itself to Binance US barked at the U.S. SEC's objection to the deal, saying 'Bankruptcy code doesn't contemplate an endless period of time.' nikhileshde reports
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.The federal judge overseeing bankrupt crypto lender Voyager Digital's effort to sell itself to Binance US had some harsh words for a U.S. Securities and Exchange Commission attorney over the agency's view that there may be violations of federal law.
SEC Senior Trial Attorney William Uptegrove said Friday that SEC staff believed Binance US may be operating an unregistered securities exchange in the U.S., an assertion that Binance US objected to. On Monday, U.S. Bankruptcy Judge Michael Wiles, of New York's Southern District Bankruptcy Court, asked SEC Senior Trial Attorney Therese Scheuer whether Binance US or Voyager could have known about this claim prior to Friday.
Scheuer objected to some of the disclosures made within the proposal, including a lack of clarity around possible regulatory concerns. The judge appeared to take issue with this point. "I have no idea how long I can do nothing and wait until Congress and the competing regulatory authority sort out amongst themselves, just who has what authority over what aspects of this, what kind of authority. I have no idea how long that's going to take and we can't do that in bankruptcy," he said."...
Representatives from the U.S. Trustee's office, the Texas Attorney General's office and the New York Department of Financial Services also weighed in during the hearing.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Voyager Denies SEC Claims VGX Token Is Security as Binance US Decision LoomsVGX token isn't a security, investvoyager has said, after claims made by SECGov in court last week threatened to scupper a $1 billion offer from crypto exchange binance. jackschickler reports.
Leer más »
US trustee appeals FTX bankruptcy judge's ruling to deny appointment of independent examinerThough FTX's bankruptcy judge has suggested an examiner could cost more than $100 million, the U.S. Trustee in the case continues to use all legal means for the appointment.
Leer más »
THE HASH: Voyager Denies SEC Claims VGX Token Is a Security; Sam Bankman-Fried May Soon Use a Flip PhoneListen to this episode from CoinDesk Podcast Network on Spotify. The most valuable crypto stories for Monday, March 6, 2023. Bankrupt crypto lender Voyager Digital has denied claims by the U.S. Securities and Exchange Commission that its VGX token is a security, as it seeks court approval for a $1.02 billion buyout offer from Binance.US. Separately, an attorney with the U.S. Department of Justice proposes Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a non-internet-connected flip phone, in court filings late Friday.See also:Voyager Denies SEC Claims VGX Token Is a Security as Binance.US Decision LoomsVoyager Digital's Reward Program Lost $58M in 2022: Court FilingVoyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US DealVoyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US DealBankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says-This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”-Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
Leer más »
SEC Tournament: Tennessee erases 17-point deficit to stun No. 4 LSUNo. 4 LSU entered Saturday having only lost to top-ranked South Carolina, and it looked like that status would continue when they carried a 40-26 lead over Tennessee into halftime in the semifinal of the SEC Tournament.
Leer más »
Rivals.com - Trio of SEC visits coming for four-star 2025 Alabama OLB Jakaleb Faulk
Leer más »