SEC's Uptegrove said Friday that Binance US may be running an unregistered securities exchange in the US, which Binance US objected to, and Judge Wiles asked SEC's Scheuer if Binance US or Voyager could have known about the claim before Friday.
Judge Wiles suggested the SEC's objection might not justify postponing the approval of the deal.
"I can't wait indefinitely for Congress and the regulatory authority to sort out their jurisdiction," he said. "...we can't pause the bankruptcy just because regulators are still debating issues that have been ongoing for years."
Judge prioritized the urgency of the bankruptcy hearing over the SEC's regulatory concerns, while the third day of the hearing concentrated on objections to the plan itself.
Scheuer objected to disclosures in the proposal, including unclear regulatory concerns. Judge seemed to disagree.