The Committee on Foreign Investment in the United States (CFIUS) announced it will evaluate the transactions made by Voyager Digital.
In its court filing, the Committee claimed that it will scrutinize any deals involving the purchase, merger, or acquisition of Voyager “by or with any foreign person that could result in foreign control of any United States business.”
NEW: US indicates Binance acquisition of Voyager assets out of bankruptcy may be reviewed by CFIUS over possible national security concernshttps://t.co/seElcEYReI pic.twitter.com/Y6Dx9fxdtY
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The agency added that assessing Voyager’s deals will determine whether the transactions pose security risks to the nation. If the Committee were to find security issues with the deal, it may relegate the decision of voiding the transaction to the President of the US.
“Upon completion of any investigation, CFIUS may conclude action with respect to the transaction, or send a report to the President requesting his or her decision on whether to take an action to suspend or prohibit the transaction.”
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Meanwhile, Binance.US recently agreed to buy Voyager’s assets for $1.022B. The court hearing to approve the deal is scheduled for January 5, 2023.
CFIUS’ court filing, however, did not mention the deal made with Binance.US. According to US attorney Damian Williams, the bankruptcy court will factor in the outcome of the agency’s review before making its verdict. He stated that CFIUS’ review of the Binance-Voyager deal may delay, alter or even suspend the transaction.
