Judge skirts classifying CEL as security in light of motion citing Ripple

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Judge skirts classifying CEL as security in light of motion citing Ripple
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A judge declined to say whether Celsius's native token is a security in light of the Ripple case, according to a recent court filing.

“... nothing in the Motions, this Order, or announced at the Hearing constitutes a finding under the federal securities laws as to whether crypto tokens or transactions involving crypto tokens are securities, and the right of the United States Securities and Exchange Commission and the Committee to challenge transactions involving crypto tokens on any basis is expressly reserved," Glenn said.when the agency accused it of raising $1.

The examiner in that report also accused former Celsius CEO Alex Mashinsky of selling CEL tokens while telling the public that he was either buying more or holding. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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