Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings

A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Otis Davis, one major CEL token order, had previously asked the judge to "recognize the legal precedent that has been set in the Ripple/XRP case" in order to establish a separate committee for CEL token holders. ...