Binance.US agreement with Voyager may be subject to examination by a federal committee
In a court filing, the Committee on Foreign Investment in the United States indicated that Voyager’s proposed transactions might be subject to examination.
According to court records, the Committee on Foreign Investment in the United States (CFIUS) may investigate an arrangement between Binance.US and insolvent cryptocurrency lender Voyager Digital.
According to the notification, the conclusion of the review “may influence the parties’ ability to complete the transactions, the timing of completion, or related terms.”
According to the report, bankruptcy courts consider CFIUS assessments and any possible national security risks when considering a bidder’s fitness.
Binance.US beat off competitors such as rossTower, Wave Financial, and INX to arrange a contract with Voyager that would quickly restore its customers’ access to their locked assets.
Users would finally obtain access to their digital assets and receive payouts from Voyager on Binance.US, per the conditions of the agreement now under review. To start the process going, Binance.US proposed making an initial deposit of $10 million and paying Voyager up to an additional $15 million for expenditures.