Texas and New Jersey regulators go after Celsius Community By Cointelegraph

The Texas State Securities Board has filed for a listening to with the potential to impose a stop and desist order towards crypto lending agency Celsius Community for not providing securities licensed on the state or federal degree, whereas the New Jersey Bureau of Securities has ordered the platform to cease providing and promoting interest-earning cryptocurrency merchandise.

In response to a Sept. 17 submitting, the Texas regulator can be holding a listening to associated to allegations that Celsius Community is providing and promoting securities in Texas that aren’t registered or permitted along with not registering as a vendor beneath the state’s Securities Act. Ought to the decide settle for that the platform’s choices represented unlicensed securities, Celsius Community could also be topic to a stop and desist order.