{"id":12797,"date":"2022-06-16T23:42:15","date_gmt":"2022-06-16T23:42:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/spotlight-on-celsius-as-texas-securities-regulator-opens-investigation-report\/"},"modified":"2022-06-16T23:42:15","modified_gmt":"2022-06-16T23:42:15","slug":"spotlight-on-celsius-as-texas-securities-regulator-opens-investigation-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/spotlight-on-celsius-as-texas-securities-regulator-opens-investigation-report\/","title":{"rendered":"Spotlight on Celsius as Texas securities regulator opens investigation: Report"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<br \/><\/p>\n<p dir=\"ltr\">Regulatory scrutiny on Celsius Network, a leading crypto lender in the market that&rsquo;s hit turbulence, continues to mount, according to a<a href=\"https:\/\/www.reuters.com\/markets\/us\/exclusive-texas-securities-regulator-is-probing-celsius-account-freeze-official-2022-06-16\/\" rel=\"noopener noreferrer\" target=\"_blank\">&nbsp;<u>report<\/u><\/a> by <em>Reuters<\/em> on Thursday.<\/p>\n<p dir=\"ltr\">Celsius hit headlines this week as concerns over a potential flip into insolvency heightened following its decision to pause customer withdrawals.<\/p>\n<p dir=\"ltr\">According to the report, the Texas State Securities Board has confirmed that it has indeed opened an investigation against the crypto lender. &nbsp;Other investigations have been opened in Alabama, Washington and New Jersey.<\/p>\n<p dir=\"ltr\">The Texas regulator has reportedly certified the matter as a &ldquo;priority,&rdquo; with concerns that the company&rsquo;s situation poses serious financial ramifications for customers.<\/p>\n<p dir=\"ltr\">The probe into Celsius comes as the New Jersey-based firm looks to navigate the murky waters that it currently wades in. On Wednesday, the company moved to hire business restructuring lawyers.<\/p>\n<p dir=\"ltr\">Celsius CEO Alex Mashinsky has <a href=\"https:\/\/twitter.com\/Mashinsky\/status\/1537147449088872449\" rel=\"noopener noreferrer\" target=\"_blank\">assured<\/a> customers and the broader community that the firm is &ldquo;working non-stop&rdquo; on the issue. Other than this, not much has been forthcoming and the &lsquo;freeze&rsquo; on all withdrawals remains in place.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\/news\/spotlight-on-celsius-as-texas-securities-regulator-opens-investigation-report\/\">Spotlight on Celsius as Texas securities regulator opens investigation: Report<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/spotlight-on-celsius-as-texas-securities-regulator-opens-investigation-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Regulatory scrutiny on Celsius Network, a leading crypto lender in the market that&rsquo;s hit turbulence, continues to mount, according to a&nbsp;report by Reuters on Thursday. Celsius hit headlines this week as concerns over a potential flip into insolvency heightened following its decision to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":12798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12797"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12797"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12798"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}