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A United States judge scolded the Securities and Exchange Commission over its vague objection to Voyager’s restructuring deal and asked for specifics on its concerns. U.S. Bankruptcy Judge Michael Wiles appeared heavily skeptical about an attempt by the Securities and Exchange Commission (SEC) to stop a purchase by Binance US On Monday, U.S. Bankruptcy Judge Michael Wiles, of New York's Southern District Bankruptcy Court, asked SEC senior trial attorney Therese Scheuer whether 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 (SEC) PANews reported on March 4 that according to Coindesk, at the hearing, the US judge rejected the objections of the SEC and other regulatory agencies to Binance US's acquisition of A U.S. bankruptcy judge has reportedly criticized the United States Securities & Exchange Commission over its ambiguous reasoning for objecting to Voyager Digital's $1 A U.S. bankruptcy judge on Thursday criticized the Securities and Exchange Commision for casting vague doubts about crypto lender Voyager Digital's proposed sale to Judge Michael Wiles made the remarks at a court hearing in New York to consider Voyager Digital's restructuring plan that would sell its assets and transfer its

Voyager Judge Expresses Surprise at SEC's Objection to Binance US Deal

A United States judge has openly questioned the Securities and Exchange Commission (SEC) regarding its objection to Voyager Digital's proposed restructuring deal, specifically the acquisition by Binance US. The judge demanded greater clarity and specifics regarding the SEC's concerns, expressing surprise at the perceived vagueness of their arguments.

U.S. Bankruptcy Judge Michael Wiles, overseeing the case in New York's Southern District Bankruptcy Court, appeared skeptical of the SEC's attempt to halt the purchase by Binance US. He pressed SEC senior trial attorney Therese Scheuer for more concrete explanations. According to PANews, reporting on Coindesk's coverage from March 4, the judge ultimately rejected the objections from the SEC and other regulatory agencies concerning Binance US's acquisition plans.

The federal judge overseeing the bankrupt crypto lender Voyager Digital's effort to sell itself to Binance US had some harsh words for the SEC, criticizing the Commission's ambiguous reasoning for objecting to Voyager Digital's $1 billion sale. The judge’s frustration stemmed from the SEC's casting vague doubts about crypto lender Voyager Digital's proposed sale to Binance US.

At a recent court hearing in New York to consider Voyager Digital's restructuring plan, Judge Michael Wiles made pointed remarks regarding the SEC's stance. This restructuring plan aims to sell Voyager's assets and transfer them to Binance US, allowing for a path forward after the company's bankruptcy. The core issue remains the SEC's unexplained hesitation and the judge's insistence on a more transparent and justified explanation for their objection. The judge scolded the Securities and Exchange Commission over its vague objection to Voyager’s restructuring deal and asked for specifics on its concerns. U.S. Bankruptcy Judge Michael Wiles appeared heavily skeptical about an attempt by the Securities and Exchange Commission (SEC) to stop a purchase by Binance US.

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