Voyager: VGX token is not a security, delay in Binance.US acquisition deal results in a monthly loss of 10 million dollars

ChainCatcher news, lawyers from the U.S. Securities and Exchange Commission (SEC) are contesting Voyager Digital's proposed bankruptcy plan, while Voyager Digital denies the SEC's claim that its VGX token is a security, as it seeks court approval for Binance.US's $1.02 billion bid to acquire the bankrupt cryptocurrency lender. Meanwhile, the presiding judge in the case has barred the SEC from imposing fines on its cryptocurrency consulting business due to the bankruptcy proceedings.

Additionally, a document submitted to the court on behalf of Voyager on Sunday stated that the trading delays are causing the company to lose $10 million per month, expressing surprise at the delays and evolution of the SEC's position on the matter, and urging a swift resolution to the bankruptcy case. (CoinDesk)