Some have suggested that the SEC's objection could be interpreted as implying that Binance.US may not have the financial resources to complete the acquisition
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The United States Securities and Exchange Commission (SEC) has raised concerns about Binance.US's proposed $1 billion acquisition of Voyager Digital and filed a limited objection regarding the same. A limited objection is a type of objection that pertains to only a specific aspect of a legal proceeding.
The objection was filed by the SEC due to a lack of information provided about the company's ability to fund the acquisition, the expected changes to Binance.US's operations following the deal, and the security of customer assets during and after the transaction.
Some have suggested that the SEC's objection could be interpreted as implying that Binance.US may not have the financial resources to complete the acquisition without engaging in questionable practices such as obtaining funding from Binance's global entity.
In addition to its concerns about the details of the acquisition, the SEC has also requested that Voyager provide more information about what would happen if the transaction is not completed by April 18th.
The SEC has said that it has already discussed its concerns with Voyager and that the lender plans to submit a revised disclosure statement before a hearing on the matter.