Crypto

Will SEC Sue Binance.US? Here’s What John Deaton Has To Say

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In the early hours today, the Securities and Exchange Commission (SEC) filed a limited objection to the acquisition between Binance and Voyager. As per the SEC, the purchase agreement lacks the necessary information about Binance’s ability to purchase Voyager Digital along with its future plans. The SEC also asked Voyager Digital to give detailed information on what are its plans if the transfer of the agreed $1.02 billion by Binance fails.

Now, the attorney John Deaton claims that the US Securities and Exchange Commission (SEC) may further file a legal action against Binance.US which is considered to be one of the largest crypto exchanges by trading volume. 

SEC To Sue Binance.US?

John Deaton is currently acting as Amicus Curiae, the court’s friend in support of Ripple in the SEC vs Ripple case. After the SEC filed a limited objection in the Binance-Voyager acquisition today, Deaton took to Twitter claiming that this could be a sign of a future lawsuit.

Earlier in July 2022, John Deaton had stated in an interview with Fox Business that the SEC will soon sue top exchanges like Coinbase or Binance in the United States. He had also said that the SEC’s lawsuit will be a part of its crypto enforcement efforts.

Ripple VS SEC Lawsuit

Furthermore, John Deaton has also predicted that there won’t be any out-of-court settlement in the SEC vs Ripple lawsuit as he expects the case will see a court ruling.

Last month, the crypto exchange Binance announced its intention to acquire bankrupt Voyager digital assets for $1.022 billion. This offer included the fair market value of Voyager’s crypto portfolio as well as $20 million of incremental value. The deal was set to close on or before April 18, 2023.

However, Binance.US lawyers have now come to terms to submit a revised purchase agreement with all the required details included before the next hearing.



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