Weekly Roundup 03/31/23 (CFTC v Binance, McHenry’s stablecoin bill, Gruenberg’s questionable testimony) (EP.411)
On The Brink with Castle Island
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Binance's Pending Sale of Voyagers Assets to Binance US
A federal judge granted the DOJ's application to stay this pending sale of voyagers assets to Binance US. The SEC had been trying to block this for a while and the bankruptcy judge, I think rightfully so, said, show me the facts. It's really bad news if you're a voyager customer because you thought you had a deal here to get some of your money back in a deal where Binance would have assumed title of these assets.
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