The post Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck appeared on BitcoinEthereumNews.com. The wind-down of defunct crypto lender Celsius coughed up almost $300 million from Tether, according to a Tuesday statement from an entity set up by GXD Labs and VanEck, the Blockchain Recovery Investment Consortium. GXD Labs, a subsidiary of Atlas Grove Partners, and asset manager VanEck established BRIC to “maximize recoveries in complex digital asset bankruptcies like Celsius,” they said. BRIC continues to manage a portfolio of illiquid and litigation assets tied to Celsius, the companies said. The joint venture had previously sought to acquire the assets of the insolvent crypto lender, but the remnants of Celsius Network went to rival bidder Fahrenheit in 2023. Spokespeople for the two companies didn’t immediately respond to a question on the benefits each of them expected from this development. The collapse of Celsius in 2022 was one of the string of industry crises that sparked the crypto winter of that year, which saw massive losses in the markets and significant damage to other major digital assets businesses. It exited its bankruptcy last year, shipping out more than $3 billion to creditors. In July, a New York bankruptcy court had approved a Celsius effort to pursue most of a $4 billion claim against Tether. This $299.5 million recovery settles the matter in the U.S. Bankruptcy Court for the Southern District of New York, according to the statement from BRIC. Read More: Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy Source: https://www.coindesk.com/policy/2025/10/14/celsius-wind-down-secures-usd300m-from-tether-say-gxd-labs-vaneckThe post Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck appeared on BitcoinEthereumNews.com. The wind-down of defunct crypto lender Celsius coughed up almost $300 million from Tether, according to a Tuesday statement from an entity set up by GXD Labs and VanEck, the Blockchain Recovery Investment Consortium. GXD Labs, a subsidiary of Atlas Grove Partners, and asset manager VanEck established BRIC to “maximize recoveries in complex digital asset bankruptcies like Celsius,” they said. BRIC continues to manage a portfolio of illiquid and litigation assets tied to Celsius, the companies said. The joint venture had previously sought to acquire the assets of the insolvent crypto lender, but the remnants of Celsius Network went to rival bidder Fahrenheit in 2023. Spokespeople for the two companies didn’t immediately respond to a question on the benefits each of them expected from this development. The collapse of Celsius in 2022 was one of the string of industry crises that sparked the crypto winter of that year, which saw massive losses in the markets and significant damage to other major digital assets businesses. It exited its bankruptcy last year, shipping out more than $3 billion to creditors. In July, a New York bankruptcy court had approved a Celsius effort to pursue most of a $4 billion claim against Tether. This $299.5 million recovery settles the matter in the U.S. Bankruptcy Court for the Southern District of New York, according to the statement from BRIC. Read More: Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy Source: https://www.coindesk.com/policy/2025/10/14/celsius-wind-down-secures-usd300m-from-tether-say-gxd-labs-vaneck

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more