Binance US has received approval from the court for its planned takeover of Voyager Digital.
This is despite disapproval by the United States Securities and Exchange Commission (SEC).
The US SEC last week objected to the planned sale of assets by Binance US due to a variety of reasons, among which included the lack of a clear explanation of the process by Binance US.
“We are coordinating with Binance and their attorneys to not only deal with that inquiry but to voluntarily submit an application to move this process along.” Bitcoin.com quotes Voyager’s attorney, Joshua Sussberg.
Voyager Digital filed for bankruptcy last year, leaving funds belonging to hundreds of customers trapped.
This sale of assets will enable Binance US to facilitate the disbursement of these funds to the customers.
But the US SEC earlier said that the agreement by the parties has not provided information on whether Binance can meet up with the purchase, its intention to Voyager Digital after the acquisition as well as how it intends to protect customer assets.
The takeover was earlier scheduled to happen in April 2023.