<ul data-eligibleForWebStory="false">A US bankruptcy judge ruled that Tether's lawsuit with Celsius can proceed, denying Tether's dismissal bid.Celsius claims Tether improperly liquidated its Bitcoin collateral, resulting in over $4 billion in losses at current prices.Tether's actions are alleged to have breached the lending agreement and violated laws related to good faith and fair dealing.Tether's CEO refuted rumors of a potential IPO, stating that the company has no plans to go public.