TechFlow reported, citing Cointelegraph, that lawyers for former Celsius CEO Alex Mashinsky have filed a motion in federal court asking the judge to dismiss charges related to commodities fraud and market manipulation.
The filing shows that Mashinsky's legal team is requesting the court to dismiss two potential charges at his September 2024 trial, arguing that the second commodities fraud charge is inconsistent and illogical compared to the first securities fraud charge when it comes to handling cryptocurrency.
The attorneys also claim that the market manipulation charge should be dismissed due to lack of fair notice, asserting that the U.S. government has turned a civil violation into a criminal offense.
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