Friday, 14 July, 2023

Legal Battle Ensues: SEC, CFTC, and FTC Sue Celsius Network and Former CEO over Crypto Lending Operations

The Celsius Network, a prominent crypto lending firm, and its former CEO find themselves facing legal action from the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC). The regulatory agencies have jointly filed lawsuits against the company, alleging misconduct related to its cryptocurrency lending practices. This legal dispute highlights the increasing scrutiny on the crypto industry and its participants.