The SEC opposes Celsius's plan to distribute cryptocurrency assets to customers through the Coinbase restructuring plan

ChainCatcher news, according to Walter Bloomberg, the U.S. Securities and Exchange Commission (SEC) has filed court documents opposing Celsius's plan to distribute crypto assets to customers through the Coinbase restructuring plan. The SEC stated that under the restructuring plan proposed by Celsius, Coinbase would provide brokerage and trading services, but Coinbase is involved in activities that have triggered litigation by regulators, and that litigation is still ongoing.