New York judge urges SEC to quickly review Celsius restructuring plan
On November 1, New York judge Martin Glenn urged the US Securities and Exchange Commission (SEC) to decide quickly whether to authorize the transformation plan of cryptocurrency lending company Celsius Network LLC, which is undergoing bankruptcy proceedings. Judge Glenn said he will make a ruling on Celsius' proposal as soon as possible. However, even if he approves Celsius' transformation plan, the company and its creditors still need SEC approval. If Celsius' exit from Chapter 11 fails, the company may be liquidated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Millions of Pi Network Users Lose their Coins Today?
A major issue that affects many users is the impact of referral circles. In Pi Network, pioneers earn rewards based on their network for referrals.
Grayscale files for XRP ETF with the New York Stock Exchange
Why TradFi firms could turn to bitcoin margin loans: Maple CEO
Maple’s Sid Powell said that TradFi firms have been in contact with the firm about lending and borrowing in crypto
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
Trending news
MoreCrypto prices
More
