Celsius Judge Asks SEC to Weigh-In On Restart Plan, Quickly

The New York judge overseeing Celsius Network LLC’s bankruptcy urged the US Securities and Exchange Commission to move quickly in deciding if it will authorize the failed crypto lender’s plan to transform itself through Chapter 11 into a publicly-traded Bitcoin mining firm.

Judge Martin Glenn told an SEC lawyer during a Monday court hearing he hopes the regulator will go through its own decision-making process expeditiously because Celsius and its creditors have moved through Chapter 11 relatively quickly.

“The SEC will make whatever decision it believes is the correct one,” Glenn said. “I just hope the process will move ...