Bankrupt Crypto Lender Voyager Digital GMBH VYGVF has come one step closer to a possible lifeline as its proposed deal to relocate some of its assets Binance USA moves forward.

What happened: According to a report by Reuters, Voyager Digital received first court approval on Tuesday to proceed with a proposed $1 billion sale of its assets to Binance US. The lender is looking to expedite a US national security review of the deal to ensure its success.

US bankruptcy judge Michael Willes Voyager has given the green light to enter into an asset purchase agreement with Binance.US and seek creditor approval for the sale in a future court hearing.

See More: Best Crypto Day Trading Strategies

At Tuesday’s court hearing, Voyager attorney Joshua Sussberg stated that the company is acting on concerns raised by the United States about potential national security risks Committee on Foreign Investments in the United States (CFIUS) over the holiday season. He also announced that Voyager is committed to removing any impediments that could cause CFIUS to oppose the transaction.

“We are coordinating with Binance and their attorneys not only to handle this investigation, but to voluntarily file a request to move this process forward,” Sussberg said, as quoted by Reuters.

Voyager offers traders in the US options to access an affordable crypto trading solution, including Bitcoin BTC/USD, ether ETH/USD and other altcoins.

price action: Bitcoin traded at $17,463 in the last 24 hours, up 1.49%, according to Benzinga Pro.

Continue reading: Brady, Bundchen, Kraft and this billionaire hedge fund manager hold FTX stocks: So much

Disclosure: Benzinga CEO Jason Raznik is a member of the unsecured creditors’ committee in Voyager Digital’s bankruptcy case.