U.S. DOJ Appeals New York Judge’s Decision to Approve Voyager’s Sale to Binance.US
The U.S. Department of Justice (DOJ) filed an appeal late Thursday evening challenging a New York bankruptcy judge’s decision to allow Binance.US’s billion-dollar plan to acquire the assets of bankrupt crypto lender Voyager Digital.
I still wonder whether the seeming vendetta against Binance is related to how they dodged the FTX bullet.
However, Judge Wiles appeared to be unmoved by the SEC’s concerns, telling the lawyers present at the hearing that the Bankruptcy Code “doesn’t contemplate an endless period of time.”
“Things have to be done. We have creditors who are waiting and who in the midst of all of this uncertainty have no access to property in which they’ve invested, in some cases, their life savings, so we have to take some kind of action,” Wiles said. “We have to do something.”
The judge is quite right here; he can't make a decision based on baseless "maybes" from the DOJ. I'm not a huge fan of Binance, but as they bend towards regulatory compliance, it strikes me as peculiar how the captured-agencies in the US keep prodding them. This only makes sense if those alphabet-swills really aim to destroy all crypto within their jurisdiction. There are other countries.
and this is public money being pissed away for private gains by multiple captured agencies.
You can perceive life in a psychopathic state as every agency does the opposite of its original remit.
stark