State securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache.
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior to the objections, the crypto lender filed paperwork that said Celsius was looking to access $23 million in stablecoin reserves.
On Thursday, the Vermont Department of Financial Regulation also joined in on the objections against Celsius accessing the stablecoin cache to sell.
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