The U.S. government reached an agreement with Voyager Digital Ltd. allowing the bankrupt cryptocurrency platform to sell its user accounts to Binance.US, meaning Voyager customers will be able to access their funds again, WSJ Pro Bankruptcy reported. Federal authorities have agreed to allow a key part of Voyager’s chapter 11 plan—the transfer of customer accounts to Binance.US—to go ahead while a related government appeal of a narrow provision in Voyager’s reorganization continues, according to court papers filed Wednesday. Various state and federal regulators including the Securities and Exchange Commission opposed the Binance.US deal, which was approved in bankruptcy court only to be put on hold by appellate judges. The government has said a provision in Voyager’s chapter 11 plan could tie regulators’ hands in taking future enforcement actions against the parties involved in distributing its cryptocurrency. Voyager has said the provision is necessary to protect those involved in implementing the court-approved chapter 11 plan.
