The U.S. Department of Justice opposes Celsius's plan to resume withdrawals and sell stablecoins

According to Chain Catcher, the U.S. Department of Justice has raised objections to the cryptocurrency lending platform Celsius's plans to reopen withdrawals and sell stablecoins, as reported by Cointelegraph. The department claims that it will not approve the motion until an independent examiner submits a review report due to the lack of transparency in Celsius's financial situation.

Chain Catcher previously reported that Celsius applied on September 16 to sell its holdings of stablecoins to fund operations, with stablecoin holdings amounting to approximately $23 million. (Cointelegraph)