Voyager Digital Holdings has reportedly reached an agreement with the U.S. federal government to proceed with a $1 billion plan to sell its assets to the American arm of the crypto exchange Binance.

The news was shared by the Voyager Official Committee of Unsecured Creditors (UCC) on Wednesday.

“Voyager, the UCC, and the Government reached a resolution that will allow the Plan to move forward and go effective shortly,” the UCC said in a Twitter thread.

According to the Committee, “the resolution is embodied in a joint stipulation providing that the appeals will continue with respect to the Plan’s exculpation provision,” with the government agreeing that the Binance.US acquisition of Voyager’s assets “may move forward without such provision and will not otherwise be subject to the stay.”

The Committee added that together with Voyager it is seeking to help Binance.US “to move forward as quickly as possible once this stipulation is approved by the District Court.”

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Author: Andrew Asmakov

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