SEC erhebt Einwände gegen den Insolvenzplan von Celsius, an dem Coinbase beteiligt ist
- The SEC claimed Celsius’s agreement with Coinbase exceeds the services of a distribution agent.
- Die SEC hat Coinbase zuvor beschuldigt, als nicht lizenzierter Broker und Krypto-Börse tätig zu sein.
- Celsius meldete 2022 Insolvenz an und schuldet Investoren Milliarden von Dollar.
The US Securities and Exchange Commission (SEC) has objected to Celsius Network’s restructuring plan primarily because of the agency’s unresolved legal dispute with cryptocurrency exchange Coinbase.
Laut einem Freitag Einreichung by the SEC, Celsius plans to use Coinbase to distribute cryptocurrency to foreign clients and needs the court’s consent for a number of agreements with the platform.
The SEC, however, claimed that “the Coinbase Agreements go far beyond the services of a distribution agent, contemplating brokerage services and master trading services that implicate many of the concerns raised in the SEC’s District Court action against Coinbase.”
The SEC’s filing added that “the debtors have confirmed that they do not intend for Coinbase to provide brokerage services to the debtors, despite the language in the Coinbase Agreements to the contrary.“ It further stated that the court “should not be asked to approve a deal where the material terms are missing or inconsistent.”
Die SEC und Coinbase waren in den letzten Monaten im Streit. Die Regulierungsbehörde hatte die Kryptowährung beschuldigt Austausch wegen Verstoßes gegen Bundeswertpapiergesetze und verklagte es später wegen Betriebes ohne die erforderliche Lizenz.
Interestingly, Coinbase Chief Legal Officer Paul Grewal wasted no time to call the SEC out for objecting to Celsius’s restructuring plans. Grewal, in a post in X, said, “Coinbase is proud to engage with Celsius to distribute crypto back to its customers. I wonder, why would the SEC object to a trusted US public company taking on this role?”
Meanwhile, Celsius’s restructuring plans have seen multiple revisions since March. The crypto lender filed for bankruptcy in 2022 and currently owes investors billions of dollars. In July, the SEC filed a lawsuit against Celsius and its former CEO, Alex Mashinsky, for allegedly raising billions through illegal and fraudulent sales of crypto assets considered to be securities.
Die Regulierungsbehörde beschuldigte beide Parteien außerdem, den Preis ihres nativen Tokens CEL manipuliert und Investoren über den tatsächlichen Stand ihrer Geschäftstätigkeit getäuscht zu haben.
Interestingly, other parties have also expressed opposition to Celsius’ plan, including the U.S. Trustee, which repeated previous reservations about whether creditors have access to sufficient information to enable them to decide whether or not to support the plan.