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SEC Files limited objection to Binance.US’s $1 billion deal for Voyager assets.
In its filing, the SEC questioned the adequacy of the information in Binance.US’s disclosure statement, specifically details on the ability of it to "consummate a transaction of this magnitude," as well as how Binance.US intends to secure customer assets and details on how Binance.US would rebalance its cryptocurrency portfolio.
The SEC said it has communicated its concerns to Binance.US’s counsel, and has been told that a revised disclosure statement will be filed prior to the next hearing on the motions.
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