Judge's Comments in Voyager/Binance.US Deal.

The SEC vs. Ripple is a significant case in the crypto world, and if you're not familiar with it, it's crucial to pay attention. The reason being that legal professionals and industry experts speculate that the court's ruling may establish a precedent for the entire cryptocurrency market by deciding if a cryptocurrency qualifies as a security, either in part or whole.

The remarks made in another cryptocurrency court case involving the sale of Voyager's ($VGX) to Binance.US have not received much attention, but they are highly significant.

Last month, the SEC filed a limited objection to the Voyager-Binance.US deal, citing legal violations. Other state regulatory agencies are also involved in their objections.

According to Reuters, the SEC has objected to the Voyager-Binance.US deal and is investigating whether Voyager's crypto lending business sold unregistered securities. The regulatory agency has expressed concerns in court filings that Voyager has failed to demonstrate compliance with US securities law in the Binance deal and other cryptocurrency transactions.

Judge Wiles inquired whether the sale of Voyager to Binance.US had infringed securities laws.

At this point, the situation becomes interesting. The SEC's attorney responds, "We cannot take a position at this point. The SEC is a deliberative body, and its process is a non-public one by federal law."

The judge expressed his dissatisfaction with the SEC's attorney's response.

“Deliberative is one thing, but what have you done? If there are reasons to be concerned here, I need to hear specifics.”

According to a popular Voyager investor/hodler, Judge Wiles' comments to the SEC were summarized as follows:

"You're asking the debtor to prove that the cryptos being transacted are not securities, but you've given no regulatory guide as to what that is."

The recent comments from the SEC attorney and Judge Wiles are gaining more attention, and their potential impact on the SEC vs. Ripple case is being discussed. Why? Crypto advocates think that the SEC's decision to not take a stance and the judge's statement about the lack of regulatory guidance could strengthen Ripple's case and potentially halt the SEC's perceived campaign against cryptocurrency.