Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale
Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination o...
US Treasury finalizes stablecoin rules under GENIUS Act, boosting crypto clarity
The finalized stablecoin rules may drive institutional crypto adoption, potentially influencing major cryptocurrency valuations an...
OCC Finalizes GENIUS Act Stablecoin Rules, Leaves Rewards Fight Open
Bitcoin Magazine OCC Finalizes GENIUS Act Stablecoin Rules, Leaves Rewards Fight Open The Office of the Comptroller of the Currenc...
US quietly eases stablecoin reserve rules as banks warn billions could shift away from lending
Treasury Secretary Scott Bessent compared the GENIUS Act to the National Currency Act of 1863 on Oct. 21, the day the Office of th...
OCC Finalises US Stablecoin Rules Ahead Of January 2027 Start
TL;DR: The OCC has published its final GENIUS Act rule, setting out how payment stablecoin issuers under its supervision will be r...
SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stableco...