The U.S. federal government has approved the bid by Binance’s American branch to buy up the remaining assets of the bankrupt crypto lender Voyager Digital.

In a Twitter thread earlier this week, Voyager’s Official Committee of Unsecured Creditors said a resolution has been reached with the government that will “allow the Plan to move forward and go effective shortly.”

The Committee added that a joint stipulation filed with the district court on April 19th now needs to be approved by the judge, and said Voyager, the Committee and Binance.US will move forward “as quickly as possible once this stipulation is approved by the District Court.”

The plan proposed by Binance.US would value Voyager at $1 billion, although the actual cash price that Binance.US needs to pay is just around $20 million, in addition to repayments to Voyager's customers.

(by Fredrik Vold)