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Celsius Revival Plan Faces Hurdles Amid SEC Scrutiny

source-logo  coingape.com 21 November 2023 03:20, UTC

The ambitious effort to resurrect the bankrupt crypto lender Celsius through a new crypto services venture hit a regulatory roadblock, with the U.S. Securities and Exchange Commission (SEC) intensifying its scrutiny. A crucial dialogue is ongoing between the SEC, the Celsius Creditors Committee, and Fahrenheit, the consortium that emerged victorious in a bidding war to revitalize Celsius’s assets.