Voyager token rises 11% following firm counter of SEC claim that VGX is a security

Voyager’s autochthonal token VGX roseate 11.51% successful the past 24 hours to arsenic precocious arsenic $0.42299, according to CryptoSlate’s data.

The token’s worth had retraced to $0.3955 astatine the clip of writing.

Voyager counters SEC’s securities assertion against VGX

The bankrupt lender countered the US Securities and Exchange Commission’s (SEC) assertion that VGX was information successful a March 5 tribunal filing.

According to the company’s fiscal advisor Mark Renzi, Voyager’s presumption is supported “by a ineligible sentiment from a nationally recognized instrumentality firm.”

He further described SEC’s presumption connected VGX’s presumption arsenic astonishing to Voyager, considering the lender had provided accusation astir the token to the regulator 18 months ago, adding that different inquiries from the SEC addressed different issues.

Voyager says SEC’s hold is costing it $10M monthly

Meanwhile, Voyager said the fiscal regulator’s objection to Binance.US’s acquisition of its assets was causing delays that were costing it arsenic overmuch arsenic $10 cardinal monthly.

The Gary Gensler-led regulator had filed constricted objections to Binance.US’s acquisition of the bankrupt lender assets, saying the steadfast failed to supply capable information.

Voyager is present proposing immoderate insignificant tweaks to the archetypal proposal. But Renzi noted that the changes are excessively flimsy to necessitate the creditors to ballot again connected the deal.

Voyager creditors antecedently voted overwhelmingly successful favour of Binance’s acquisition of the lender’s assets.

Meanwhile, the woody is presently hanging by a thread as Binance CEO Changpeng Zhao tweeted connected Mar. 3 that his institution mightiness propulsion retired of the acquisition. He aboriginal said the speech remained committed to completing the woody and refunding users.

The station Voyager token rises 11% pursuing steadfast antagonistic of SEC assertion that VGX is simply a security appeared archetypal connected CryptoSlate.