Celsius' proxy lawyer: Ripple's verdict may affect CEL token pricing but not restructuring plans.

According to BlockBeats news on July 19th, as reported by CoinDesk, Chris Koeing, the representative lawyer for bankrupt crypto lending institution Celsius, stated that the ruling on whether the XRP token related to Ripple is a security may affect the pricing of the CEL token, but will not affect its restructuring plan. The Fahrenheit consortium recently won the bid for Celsius assets and will focus on Bitcoin mining and Ethereum staking business. However, given that US bankruptcy rules adopt mandatory downgrading of customer claims related to securities, the ruling on XRP may affect the funds repayment of CEL holders. Koenig stated that the company previously judged the token's value to be $0.20, but it could also drop to zero, while some creditors believe it should be valued at $0.81 at the time of bankruptcy.