Binance.US's deal to buy Voyager Digital meets with regulatory opposition - report

The Securities and Exchange Commission and New York state's financial regulator have filed objections to Binance.US's deal to acquire Voyager Digital 's ( OTCPK:VYGVQ ) assets for ~$1B, according to several media reports that cite court filings. The SEC, in its filing, said the proposed transaction may violate laws on the unregistered offer and sale of securities. It also described news reports of U.S. investigations into Binance, the global crypto exchange, with which Binance.US is purported be an independent partner. As such, the deal could become "impossible to consummate," the filing said. The New York Department of Financial Services and New York Attorney General Letitia James also opposed the deal in filings. The NY DFS alleged that Voyager ( OTCPK:VYGVQ ) had "illegally operated a virtual currency business within the state without a license," Reuters reported. A Binance spokesperson said Binance.US is a separate and independent legal entity from Binance.com. Binance.US and Voyager ( OTCPK:VYGVQ ) did not immediately return requests for comment. Last month, the SEC had filed a limited objection to Binance.US's proposed acquisition of Voyager's assets, alleging the proposed buyer failed to provide adequate information about the deal. Also in January, CoinDesk reported that Voyager ( OTCPK:VYGVQ ) received initial approval from a U.S. bankruptcy judge for the $1B deal.