Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings
A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Otis Davis, one major CEL token order, had previously asked the judge to "recognize the legal precedent that has been set in the Ripple/XRP case" in order to establish a separate committee for CEL token holders. ...
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This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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