States report crypto accounts earning Celsius interest

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By Elise Hansen (September 17, 2021, 7:11 p.m. EDT) – Digital asset firm Celsius was hit by a pair of state regulatory measures on Friday, as the New Jersey securities regulator ordered the company to stop offering interest-bearing cryptocurrency products. and the Texas authorities have requested further information on the products.

The New Jersey Bureau of Securities issued a cease and desist order against Celsius Network LLC, claiming it had raised at least $ 14 billion by selling unregistered securities in the form of productive crypto-asset accounts of interest. The Texas State Securities Board summoned Celsius for a hearing in February in which the regulator said it would seek an order requiring Celsius to stop violating state securities …

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