Binance’s attempt to purchase crypto lender Voyager Digital’s assets through a bankruptcy auction this week has been complicated by concerns the U.S. government would reject the transaction, according to people familiar with the matter.
Purchases of companies with U.S. operations by overseas entities are reviewed by the Committee on Foreign Investment in the United States (CFIUS), which blocks deals it worries pose a national security risk.
Under U.S. President Donald Trump, CFIUS took a dimmer view of takeovers by Chinese companies, and his successor Joe Biden just this week signed an executive order “designed to sharpen the federal government’s powers to block Chinese investment in technology in the United States and limit its access to private data on citizens,” the New York Times reported.
Changpeng Zhao, the founder and CEO of Binance, was born in China but grew up in Canada. Binance has defended itself against claims the company is Chinese, with Zhao spelling out details about...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...