Opinion: The Binance Exchange Transition for the FTX Exchange may be blocked – Bits Media

Experts in the field of law consider, that federal regulators will try to block the acquisition of the FTX exchange due to violation of antimonopoly legislation.

Expert in the field of antimonopoly law Tibo Shipel (Thibault Schrepel) stated, that "will not be surprised, if a In the near future, a certain court document will appear on Binance and FTX or the antimonopoly process will begin ". The expert explains: According to the current US laws, direct competitors are prohibited from absorbing each other. but, As follows from the messages of the participants in the transaction, Zhao announced his intervention after, How FTX turned for help, faced with a "significant crisis of liquidity".

This is a direct violation of Sherman's law (Sherman Act 1890 of the year) and is interpreted as a conspiracy and an illegal agreement, Schipel claims. US regulators are highly likely to apply the provisions of this act and prevent the absorption of the FTX exchange of Binance, Since the transaction affects the whole company, no matter, is ftx us part of the transaction or not.

The fears of Shipel are shared by the head of the antimonopoly law firm Kressin Law Group Brandon Kure (Brandon Kressin):

“FTX planned absorption is a textbook horizontal fusion, on the opposition to which antimonopoly laws are directed in the United States, and around the world. Think, It is very short -sighted to hope for, that registration of companies outside the United States, or conclusion beyond the deal of the American unit FTX US, will save the agreement of two businessmen from hard antimonopoly control ".

Cressin considers, that the joint statement of Binance and FTX laid the foundation for a multi -month trial, which can potentially lead to that, that federal regulators will try to block the acquisition.

Binance CEO Changpeng Zhao (Changpeng Zhao) and head of FTX Sam Bankman Fried (Sam Bankman-Fried) Reported on Tuesday, 8 November, About the merger of companies. The deal immediately raised questions from financial consultants regarding the possible counteraction of state regulators.

Recall: At the final stage of submitting competitive offers for the sale of assets of the bankrupt company Voyager Digital Binance, it was removed
from participation in the auction. The basis was the Decree of the US President, prohibiting Chinese investors to participate in transactions of sale of American companies, having access to confidential data from citizens of the country.