A New York court rejected the application for appeal from Ministry of Justice not to approve the sale of assets from Travelling à Binance.us.
Despite regulators’ objections, crypto platform in bankruptcy Voyager Digital had received, at the beginning of March, the approval of the judge to sell its assets to Binance.us.
A few days later, the Department of Justice however, vetoed the acquisition of the trading and lending platform by the U.S. branch of the global crypto giant.
On Wednesday, a New York court finally ruled in favor of the sale from Travelling à Binance.usreports Coindesk. Michael Wiles, a judge in the Southern District of New York, stated that further delay the agreement of about 1 billion dollars would harm clients who have not had access to their digital coins since the stock market went bankrupt last summer.
On the Justice Department side, attorney Damian Williams had argued that the agreement should be amended or even rescinded because it was intended to exempt Voyager from tax and securities law violations.
The parties agreed to delay the effective date of the agreement from March 15 to March 20, 2023.
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