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TITLE: Voyager Digital Claims VGX Token is not a Security and Reports $10 Million Monthly Losses in Delayed Binance US Transaction

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It is reported that according to the latest court documents submitted by the encryption lender Voyager Digital, Voyager denied the SEC\’s allegation that \”its n…

TITLE: Voyager Digital Claims VGX Token is not a Security and Reports $10 Million Monthly Losses in Delayed Binance US Transaction

It is reported that according to the latest court documents submitted by the encryption lender Voyager Digital, Voyager denied the SEC’s allegation that “its native Token VGX belongs to securities”, and said that the delay in the transaction with Binance US due to the event would cause Voyager to lose about US $10 million per month.

Voyager: VGX is not classified as a security, and the delayed transaction with Binance US resulted in a monthly loss of US $10 million

Analysis based on this information:


KEYWORDS: Voyager Digital, SEC, VGX Token, securities, Binance US, transaction, losses

Voyager Digital, an encrypted lender, has denied allegations made by the Securities and Exchange Commission (SEC) that its native Token VGX belongs to securities. According to the latest court documents filed by the company, Voyager Digital reports that the delay in its transaction with Binance US due to the mentioned event would result in a monthly loss of about US $10 million.

The SEC’s allegations have been a cause of concern for Voyager Digital as it would greatly affect the company’s revenue. The SEC defines the security as an investment contract whose value is entirely dependent on the promoter’s efforts to realize a profit from the investment. Therefore, if the VGX Token is considered a security, Voyager Digital will face strict SEC regulatory measures which could affect its business operations.

Voyager Digital’s decision to fight back the allegations may be based on the company’s belief that the VGX Token has not been sold as an investment contract. Instead, it has been advertised by the company as a utility token, a type of cryptocurrency designed for transactions within a specific network, and has additional functions such as access to premium tools and discounts to trading fees.

Moreover, Voyager Digital’s revenue challenges are being heightened by the delay in the transaction with Binance US. The deal would provide Voyager Digital access to a larger customer base and transaction volume which would further improve the company’s performance. As a result, the delay is costing the company millions of dollars in lost revenue each month.

In conclusion, Voyager Digital’s claim that VGX Token is not a security is a bold move for the company to protect its business operations. However, until the SEC makes its decision, Voyager Digital is left with no choice but to face the challenges and losses that come with being embroiled in the regulatory process.

KEYWORDS: Voyager Digital, SEC, VGX Token, securities, Binance US, transaction, losses

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