Celsius Network and Former CEO Face Potential Legal Action By US Regulators

The Commodity Futures Trading Commission (CFTC) has found that the now-defunct crypto lender Celsius Network (CRYPTO: CEL) and its previous CEO, Alex Mashinsky, violated U.S. regulations prior to the company’s collapse. If the CFTC’s commissioners concur with these findings, a lawsuit could be filed in federal court within the month, Bloomberg reported, quoting anonymous sources.