The United States government is attempting to thwart Binance.US' intention to spend $1 billion buying Voyager's troubled assets, despite the bankruptcy court in New York having approved the deal.
Despite the US Securities and Exchange Commission and state regulators objecting, the judge in the Voyager Digital case chose to approve the transaction with Binance US.
According to a representative of the Securities and Exchange Commission, Binance US is allegedly running an unlicensed commodities exchange in the United States.