The US government has appealed a judicial decision authorizing the sale of Voyager Digital’s assets to Binance.US, according to US filings. March 9.

Two government agencies, the US Attorney’s Office for the Southern District of New York and the United States Trustee’s Office, have appealed.

Current filings do not explain why these agencies appealed the sale. Reuters Regulators have indicated they are interested in protecting employees from legal claims that may arise from bankruptcy proceedings. They are also concerned about their own ability to enforce the regulations because of the extensive written approval of judges.

The SEC is also disputing the sale.

The judge overseeing the case approved Voyager’s proposed sale on March 7. Prior to its approval, the U.S. Securities and Exchange Commission objected to the sale.

Judge Michael Wiles has shown animosity towards the SEC because of the length of time it takes to file regulatory complaints. As such, it’s unclear whether the current appeal will further delay the case, or whether judges will seek to expedite action.

Regardless of the outcome, Voyager itself should review the trading terms and determine if Binance.US is the right purchaser for its assets.

By Jules

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