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Noted The TSSB’s Objection.pdf

1174909292280000000067.pdf

🔗 Source: cases.stretto.com

📊 Size: 307 KB

👤 Author: Roma Desai

⬇️ Downloads: 85

Summary

The Texas State Securities Board and the Texas Department of Banking object to Celsius Network LLC's motion to sell stablecoin in the ordinary course, citing concerns over the Debtors' lack of transparency, potential mismanagement, and non-compliance with state regulatory requirements. The objectors argue that the Debtors have not disclosed how much stablecoin will be sold or how the monetization will benefit the bankruptcy estate and consumer creditors. They also express concern over the Debtors' request for broad authority to sell and exchange assets, given their past problematic decisions and failure to comply with state regulations. The objectors request that the motion be denied, citing the need for further examination and determination of the crypto assets' status in the bankruptcy estate.

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Description

The Texas State Securities Board and the Texas Department of Banking object to Celsius Network LLC's motion to sell stablecoin in the ordinary course, citing...

Technical Information

File Format: PDF
File Size: 307 KB
Pages: 8
Language: EN
Author: Roma Desai
Total Downloads: 85
Last Updated: 1 month ago

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