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 Binance.US, saying the regulator had essentially asked to 'stop everybody in their tracks' without explaining how to address its concerns.
When pressed by Wiles as to whether the SEC believed that the Voyager sale violated U.S. securities laws, SEC attorney William Uptegrove did not have a definite answer.
Wiles is expected to rule on whether Voyager's bankruptcy plan should be confirmed later on Thursday. Once Voyager's customers have Binance.US accounts in place, they will be able to make withdrawals for the first time since Voyager froze their accounts last summer., months after the crash of major crypto tokens TerraUSD and Luna sent shockwaves across the digital asset industry.
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