Voyager’s native token VGX rose 11.51% within the final 24 hours to as excessive as $0.42299, in keeping with CryptoSlate’s information.
The token’s worth had retraced to $0.3955 on the time of writing.
Voyager counters SEC’s securities declare towards VGX
The bankrupt lender countered the US Securities and Trade Fee’s (SEC) declare that VGX was safety in a March 5 court docket submitting.
Based on the corporate’s monetary adviser Mark Renzi, Voyager’s view is supported “by a authorized opinion from a nationally acknowledged legislation agency.”
He additional described SEC’s view on VGX’s standing as shocking to Voyager, contemplating the lender had offered details about the token to the regulator 18 months in the past, including that different inquiries from the SEC addressed different points.
Voyager says SEC’s delay is costing it $10M month-to-month
In the meantime, Voyager stated the monetary regulator’s objection to Binance.US’s buy of its belongings was inflicting delays that have been costing it as a lot as $10 million month-to-month.
The Gary Gensler-led regulator had filed restricted objections to Binance.US’s buy of the bankrupt lender belongings, saying the agency failed to supply ample info.
Voyager is now proposing some minor tweaks to the unique proposal. However Renzi famous that the adjustments are too slight to require the collectors to vote once more on the deal.
Voyager collectors beforehand voted overwhelmingly in favor of Binance’s acquisition of the lender’s belongings.
In the meantime, the deal is presently hanging by a thread as Binance CEO Changpeng Zhao tweeted on Mar. 3 that his firm may pull out of the acquisition. He later stated the change remained dedicated to finishing the deal and refunding customers.
