Binance.US Voyager Deal: SEC Opposition Raises Concerns
The proposed $1.02 billion Binance.US deal to acquire the assets of bankrupt cryptocurrency lender Voyager Digital faces significant hurdles as it's being opposed by the U.S. Securities and Exchange Commission (SEC) and New York's top financial regulator. This opposition casts doubt on the future of the deal and Voyager's restructuring plan.
Why is the SEC Opposing the Binance.US Voyager Deal?
At press time, the SEC has now opposed Binance.US’s deal to purchase Voyager’s assets. The regulatory agency, via its recent court filing, said that the deal could potentially violate securities laws. According to the filing submitted to the U.S. Bankruptcy Court for the Southern District of New York, the SEC is formally investigating whether Binance.US' is compliant with regulations. US markets regulators have opposed Binance US’s proposed $1bn acquisition of the assets of bankrupt cryptocurrency lender Voyager Digital, warning that part of the arrangement may violate securities laws.
Voyager Bankruptcy and Binance.US's Acquisition Offer
Binance.US offered $1.02 billion to buy Voyager Digital assets in December 2025, a few months after the crypto broker filed for bankruptcy protection. The court was considering a restructuring plan announced on Dec. 19 to bring Voyager out of Chapter 11 bankruptcy that would see crypto exchange Binance.US take over. However, this plan is now uncertain given the recent objections.
New York Regulator Joins the Opposition
Adding to the complications, New York and Federal finance regulators have also voiced their opposition to the $1.02 billion deal by Binance.US to purchase assets of defunct crypto lender Voyager. They said in their filings that the details of the proposed deal raised substantial concerns.
Potential Implications of the SEC Opposition
PANews reported on February 23 that, according to CoinDesk, Binance.US's $1.02 billion acquisition of the assets of the defunct cryptocurrency lender Voyager was opposed by New York and Federal finance regulators. The crypto industry is closely watching the outcome, as it could set a precedent for future acquisitions of bankrupt crypto firms and highlight the increasing regulatory scrutiny of cryptocurrency exchanges.
Stay tuned for updates as this story develops. The future of the Binance.US Voyager deal remains uncertain in the face of regulatory resistance.