Yugocean
Valued Contributor
Since Celsius ceased its users access to their assets due to poor market conditions, it has become the object of public outrage. US regulators have seized the chance and are preparing an investigation.
. State regulators in Alabama, New Jersey, and Texas had sent Celsius a letter in September 2021, requiring that it register its items as securities. Now a fresh inquiry will be conducted by five states, with Texas leading the way.
The Texas State Securities Board announced on June 16, 2022 (Thursday) about investigation into Celsius' activities, in which the states of Alabama, Kentucky, New Jersey and Washington also set to join.
Regulators, are claiming they want to make sure that such tragedies do not occur in the crypto market. However, it is no secret that the true goal of regulators is to get control of cryptocurrencies. Since the fallout of Terra Blockchain, the crypto sector has been scrutinised, thus they aren't wasting time to grab this opportunity.
. State regulators in Alabama, New Jersey, and Texas had sent Celsius a letter in September 2021, requiring that it register its items as securities. Now a fresh inquiry will be conducted by five states, with Texas leading the way.
The Texas State Securities Board announced on June 16, 2022 (Thursday) about investigation into Celsius' activities, in which the states of Alabama, Kentucky, New Jersey and Washington also set to join.
Regulators, are claiming they want to make sure that such tragedies do not occur in the crypto market. However, it is no secret that the true goal of regulators is to get control of cryptocurrencies. Since the fallout of Terra Blockchain, the crypto sector has been scrutinised, thus they aren't wasting time to grab this opportunity.
