SEC, NYDFS oppose Binance US’ $1B takeover of Voyager assets, FT says

The Securities and Exchange Commission and the New York Department of Financial Services have both filed objections to Binance US’ potential $1B takeover of assets from bankrupt Voyager Digital, the Financial Times’ Scott Chipolina and Philip Stafford report, citing the filings. The SEC said it is formally probing whether Voyager breached anti-fraud, registration and other federal securities laws and cautions that part of Binance’s rescue plan, which includes disseminating Voyager’s own token to creditors, may constitute the sale of an unregistered security. In a separate filing, the NYDFS claimed Voyager onboarded users in New York and "thus illegally operated a virtual currency business in the state without a license". Reference Link