According to CFIUS’s statement, the review may have an effect on the finalization, timing, and terms of any such deals.
According to a filing that was made on Friday, United States Attorney Damian Williams stated that the Committee on Foreign Investments in the United States (CFIUS) will review transactions that were made by the bankrupt cryptocurrency lender Voyager Digital Holdings. According to the CFIUS, this move may have an effect on the finalization, timing, and terms of any such deals.
The Committee on Foreign Investment in the United States (CFIUS) reviews foreign entities’ proposals to acquire companies that have operations in the United States. If the Committee believes that a transaction would compromise U.S. national security, it can block the transaction.
Binance.US was not mentioned in the document that was submitted on Friday; however, a separately managed subsidiary of Binance.com, the largest cryptocurrency exchange in the world, recently reached an agreement to purchase the assets of Voyager for $1.02 billion.
Binance.com had been one of the initial bidders for Voyager’s assets back in September, but it was ultimately outbid by FTX, which has since gone out of business. CoinDesk published an article at the time stating that the offer made by Binance to acquire the American company Voyager had been rejected due to national security concerns.
Changpeng Zhao, the founder and chief executive officer of Binance, was born in China but now resides in Canada. According to their website, Binance is a “international company.”
