Texas regulators asked the bankruptcy court to deny Celsius's request to cash in its bitcoin output

Texas regulators have asked a bankruptcy court to deny Celsius's request to cash in its bitcoin output, citing concerns about unclear uses for the proceeds, according to Blockworks. Securities and exchange commission (SEC), Texas (SSB), said the debtor Celsius should not be granted in the absence of regulation in the transfer and disposal of the bankruptcy property assets full permission, and faces significant risks due to the property of creditor should not allow its further exploiting the COINS into a mortgage or instability and high volatility of the market.