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New Jersey Piles On: Crypto Lender Celsius Hit With 2 Securities Actions in 1 Day
The Garden State is joining Texas in taking Celsius to task.
By Zack Seward
Updated May 11, 2023, 6:37 p.m. Published Sep 17, 2021, 8:21 p.m.
The BlockFi playbook is in full effect.
Shortly after Texas securities regulators issued crypto lender Celsius with an order to appear in court on Friday, New Jersey is piling on by filing a cease-and-desist order.
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“If you sell securities in NJ, you need to comply with NJ’s securities laws. And that includes those operating in the cryptocurrency market,” tweeted New Jersey Acting Attorney General Andrew Bruck. “Our Bureau of Securities has ordered an NJ-based company – Celsius – to stop offering interest-bearing accounts.”
New Jersey and Texas were also among the states to slap crypto lender BlockFi with similar actions in July.
Read more: BlockFi Is Pursuing Plans to Go Public – Even as Regulators Close In
Earlier this week, BlockFi CEO Zac Prince said crypto lenders need federal guidance on the status of accounts that provide interest on crypto deposits. Prince took offense at the piecemeal efforts by state regulators.
“We’re not going to decide what box crypto lending belongs in based on what New Jersey does or what Texas does or what any one other state does,” Prince said at the SALT conference in New York on Monday.
A request for comment sent to Celsius on the New Jersey order was not returned by press time. The company has still not replied to CoinDesk’s earlier inquiry on the Texas matter.
UPDATE (Sept. 17, 17:50 UTC): Clarifies that New Jersey has filed a summary cease-and-desist order.
UPDATE (Sept. 18, 3:23 UTC):Alabama has also taken action against Celsius.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.
Yang perlu diketahui:
- In her final days atop the agency, Commodity Futures Trading Commission Acting Chairman Caroline Pham announced her CEO Innovation Council, replete with crypto executives.
- The names include the chief executives from Gemini, Kraken, Polymarket, Bitnomial and several others.
- The CFTC is expected to get its permanent chairman very soon when the Senate votes on the confirmation of Mike Selig, President Donald Trump's nominee.
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