JUL 2, 2023
Crypto Game Changer: Celsius Approved to Convert Altcoins into Bitcoin and Ethereum!
by Crypto Alpha, BXVb7rtP5dwgpuKWx3S1B78sdwibsPstuowsyzjpU1jE
Find out how this court decision could reshape the market and impact creditor payouts.
Based on the information provided, it seems that Celsius Network, a bankrupt crypto lender, has received court approval to convert its altcoins into Bitcoin (BTC) and Ethereum (ETH). The court has mandated that only BTC and ETH can be used to pay out creditor claims. This decision comes as a result of discussions with the Securities and Exchange Commission (SEC) regarding the regulatory classification of certain digital assets.
Here are some insights about what is likely to happen with the crypto market in relation to this development:
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