SEC maakt bezwaar tegen het faillissementsplan van Celsius waarbij Coinbase betrokken is
- The SEC claimed Celsius’s agreement with Coinbase exceeds the services of a distribution agent.
- De SEC heeft Coinbase eerder beschuldigd van het optreden als makelaar en crypto-uitwisseling zonder vergunning.
- Celsius heeft in 2022 faillissement aangevraagd en is investeerders miljarden dollars schuldig.
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.
Volgens een vrijdag indienen 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.”
De SEC en Coinbase hebben de afgelopen maanden met elkaar overhoop gelegen. De toezichthouder had de crypto beschuldigd aandelenbeurs van het overtreden van federale effectenwetten en klaagde het later aan omdat het zonder de noodzakelijke vergunning opereerde.
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.
De toezichthouder beschuldigde beide partijen er ook van de prijs van hun native token, CEL, te manipuleren en investeerders te misleiden over de ware stand van hun activiteiten.
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.
Ik heb een aantal spannende verhalen in mijn carrière als journalist behandeld en vind blockchain-gerelateerde verhalen erg intrigerend. Ik geloof dat Web3 de wereld zal veranderen en ik wil dat iedereen er deel van uitmaakt.
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