US CFTC finalizes settlement with former Celsius CEO, banning him from trading

The U.S. Commodity Futures Trading Commission (CFTC) has settled its lawsuit against former Celsius CEO Alex Mashinsky, who is currently serving a 12-year prison sentence. According to The Block, the settlement, which was approved by a judge in the Southern District of New York on June 18, officially bans Mashinsky from all business activities related to the CFTC or trading under its oversight. While the regulator did not impose any new fines, the agreement adds a ban on business registration and trading.