SEC Objects Binance.US – Voyager Acquisition Deal, What Next?

[adamgil721]

Last month the Binance crypto exchange revealed the acquisition of bankrupt Voyager digital assets for $1.022 billion. This specific bid consisted of the fair market value of Voyager's crypto portfolio along with $20 million of incremental value. The offer was readied to close on or prior to April 18, 2023, after Binance had accepted deposit $ 10 million in good faith.
 However, the US Securities and Exchange Commission (SEC) has now filed a limited objection to Binance. The reason for the ban is mentioned to get the lack of information regarding the acquisition. Moreover, the SEC has questioned Voyager to provide detailed relevant information on if the transaction failed to occur on April 18.
Binance's bid was among the highest and finest bids for its assets. It increased the binance coin price in market and every one had high anticipate 2023 and expected the Binance coin price prediction to rally to $340.65 by the end of 2023.
In contrast, if the US Securities and Exchange Commission (SEC) creates more objections than the price could go down to $285.17.