Voyager Digital receives additional orders from California and South Carolina
Voyager Digital Ltd. (TSX:VOYG) has provided an update regarding certain orders the company received from the state securities divisions of several states.
These orders concern only one benefit of customer accounts permitting customers to earn rewards on their balances of certain crypto assets (“Voyager Earn Program”).
Since earlier announcements were published in March and April 2022, Voyager has received additional orders from California and South Carolina with similar concerns about the Voyager Earn Program. All but one state, Kentucky, continue to permit customers to participate in the Voyager Earn Program.
Voyager says it continues to engage in dialogue with several states in order to pursue an acceptable regulatory solution.
Stephen Ehrlich, CEO and co-founder of Voyager, comments:
“It is encouraging that all states, other than Kentucky, have allowed Voyager to continue to operate the Voyager Earn Program. Based on the continued operation of the Voyager Earn Program and similar programs across the industry, I am hopeful that an acceptable path forward can be agreed upon to ensure that our customers can continue to be rewarded for their loyalty to Voyager in these inflationary times and to keep the US crypto asset industry at the forefront of crypto adoption and innovation. Voyager’s ethos has been, and will continue to be, about giving our customers the most accessible and rewarding experience possible.”