SEC And NYDFS Argue Against Binance.US $1 Billion Deal To Acquire Voyager’s Assets

Summary: Gary Gensler’s SEC argued against the deal with allegations of unregistered securities over the VGX token and the proposed plan to repay Voyager’s stranded customers. New York’s Department of Financial Services also scrutinized the deal and accused the bankruptcy crypto lender of operating illegally within the state. Reports said 97% of Voyager’s creditors had voted in favor of the Binance deal as of Wednesday, February 22. The Binance.US $1.02 billion proposal to scoop up assets from underwater crypto lender