Judge approves Celsius' transformation into Bitcoin mining company, will repay customers in tokens and equity.

Crypto lending firm Celsius Network has court approval to become a creditor-owned Bitcoin mining company, redistributing around $2 billion in Bitcoin and Ethereum to creditors and offering NewCo equity. The plan awaits SEC approval, and if successful, the SEC may scrutinize crypto transactions involving securities once the new company goes public. If not approved, Celsius may move to liquidation. The judge urged the SEC to make a swift decision.#Blockchain #BinanceBlockchainWeek $CELO #celestia