The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to customer claims relating to securities. The estate has previously judged the token’s worth at $0.20, but it could also fall to zero, Koenig said, while some creditors have argued it should be valued at $0.81, its apparent price at the time of bankruptcy in July 2022.
Source: https://www.coindesk.com/policy/2023/07/18/ripple-court-ruling-unlikely-to-impact-celsius-wind-up-crypto-lenders-counsel-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines