Odaily News Cryptocurrency lender Celsius announced in a court filing late Monday that it will transform into a new company focused on Bitcoin mining, a shift from an earlier restructuring plan. Plans also include a focus on staking. The move comes after the U.S. Securities and Exchange Commission provided feedback on certain aspects of the program. On Monday, hours before Celsius’ announcement, CoinDesk reported that a court-approved reorganization plan had hit a snag as the SEC sought more information about the company’s assets. Earlier, a judge left the implementation of Celsius’ restructuring to Fahrenheit Holdings, a group that includes Arrington Capital and crypto miner US Bitcoin Corp. Fahrenheit won the acquisition of Celsius in May 2023. According to the plan, the company will register a new company in Delaware, currently called NewCo in documents. Under the court-approved plan, the company will focus on mining and staking. In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court seeking approval of modifications to the plan to reflect Mining NewCos new transaction, and the Debtors do not believe that these modifications will require rescission of the plan, the filing said. The Debtors still expect to close the plan in January 2024 Distributions to creditors will begin in March. Earlier today, people familiar with the matter said that Celsiuss restart plan was blocked by the US SEC. There are currently ongoing discussions between the SEC, the Celsius Creditors Committee and Fahrenheit regarding the legacy asset information held by Celsius. People familiar with the matter said they believe the SEC is asking for more information before making a decision, and the SEC wants to see the situation in all parts of the company.