Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment

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Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment
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Voyager is toggling to direct distribution of remaining customer assets.

“The Committee is incredibly disappointed with this decision and is investigating potential claims against Binance.US.”that it had decided to “exercise its right to terminate the asset purchase agreement.”

“While our hope throughout this process was to help Voyager's customers access their crypto in kind, the hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community,” the exchange said.It is unclear what prompted Binance.US’ change of heart, as it was certainly already familiar with the U.S. regulatory environment. The Twitter crypto community reacted with some sympathy for Binance.US.

“I’m surprised Binance lasted as long as it did. I would’ve bailed a long time ago with all the harassment from the gov,” StephenEllis_PRI’m surprised Binance lasted as long as it did. I would’ve bailed a long time ago with all the harassment from the gov.

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