Voyager Digital has denied claims from the U.S. Securities and Exchange Commission (SEC) that its VGX token is a security, as it seeks court approval for a $1.02 billion offer from Binance US to buy up the bankrupt crypto lender.

Delays to the deal are costing the company $10 million per month, a Sunday court filing on behalf of Voyager said, expressing surprise at delays and evolutions in the SEC’s position on the matter, and urging a speedy resolution to the bankruptcy case.

The Voyager group “disagree[s] with any assertion, by SEC staff or otherwise, that VGX is a security, and the Debtors’ view is supported by a legal opinion from a nationally recognized law firm,” said a statement by Mark Renzi, Voyager’s financial advisor.