NEW: An SECgov official, speaking at a bankruptcy hearing to determine if Voyager should be sold to Binance US, said the agency's staff believes Binance US is operating an unregistered securities exchange in the U.S. nikhileshde reports
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.A U.S. Securities and Exchange official said agency staff believe Binance US is operating an unregistered securities exchange in the U.S., and that staff believe the sale of VGX tokens by Voyager Digital violated federal securities laws.
"The staff believes – based solely on the facts and circumstances currently known to the staff – that the offering and sale of VGX tokens has the attributes of a securities transaction," he said."The staff also believes that Binance US is operating an unregistered securities exchange in the United States."
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