CFTC Settlement Bans Celsius Founder Mashinsky From…
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CFTC Settlement Bans Celsius Founder Mashinsky From Trading
**> Except from article.**
“Mashinsky and Celsius engaged in a scheme to defraud hundreds of thousands of customers by mispresenting the safety, profitability, and regulatory compliance of Celsius’ digital asset-based finance platform,” the regulator said.
The latest order means Mashinsky will never be able to trade US commodities, futures and derivatives. Earlier this year, the CFTC and the US Securities and Exchange Commission issued guidance saying **they considered most major cryptocurrencies to be commodities.**
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#cryptocurrency
**> Except from article.**
“Mashinsky and Celsius engaged in a scheme to defraud hundreds of thousands of customers by mispresenting the safety, profitability, and regulatory compliance of Celsius’ digital asset-based finance platform,” the regulator said.
The latest order means Mashinsky will never be able to trade US commodities, futures and derivatives. Earlier this year, the CFTC and the US Securities and Exchange Commission issued guidance saying **they considered most major cryptocurrencies to be commodities.**
​
#cryptocurrency
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