The Voyager Digital Bankruptcy Court approved the acquisition of a crypto lender by the Binance.US exchange.

Federal Judge Michael Wiles, who is overseeing the bankruptcy proceedings of the crypto lender, announced that he considers the Securities and Exchange Commission (SEC) objections to the deal to be speculative. The regulator did not even state an official position on this issue, the judge stressed, adding that SEC officials “only assume” that Voyager and Binance.US may be violating securities laws.

By a court decision, the bankrupt Voyager Digital received permission to sell its assets worth more than $1 billion to a subsidiary of the largest crypto exchange Binance. Wiles agreed to delay the entry into force of the decision for a day, giving the SEC another chance to prepare a reasoned objection or withdraw the claims.

“I can’t put the whole case in a deep freeze indefinitely while the regulators figure out if they think there’s a problem with the restructuring plan,” Judge Michael Wiles explained.

The Securities and Exchange Commission would like to retain the ability to influence the Voyager Digital restructuring process and prevent Binance.US from participating in the bankruptcy proceedings. US Justice Department spokesman Peter Aronoff said at the hearing that Judge Wiles’ decision could be appealed.