The U.S. bankruptcy judge expressed serious skepticism towards the SEC's attempt to block Binance US from acquiring Voyager's assets

ChainCatcher news, according to CoinDesk, U.S. Bankruptcy Court Judge Michael Wiles expressed serious skepticism on Thursday during the Voyager Digital bankruptcy hearing regarding the U.S. Securities and Exchange Commission's (SEC) attempt to block Binance US from acquiring Voyager Digital's assets.

Michael Wiles stated, "This is a strange objection, and I feel that this objection is a disguise. The SEC can specifically explain what the issues are, but they have done nothing. I need to know the specifics."

The SEC has stated that the transaction should be blocked because Voyager's tokens may constitute unregistered securities. William Uptegrove, representing the SEC, indicated that creditors did not receive sufficient regulatory risk warnings but declined to take a clear stance on whether VGX is a security. (source link)