Celsius founder banned for life from crypto in $35M New York
The ban is permanent and federal forfeiture is already at $48.4M, but the deal preserves Mashinsky's right to trade crypto for his own account, which lawyers will likely challenge.
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The ban is permanent and federal forfeiture is already at $48.4M, but the deal preserves Mashinsky's right to trade crypto for his own account, which lawyers will likely challenge.
The state is asking for triple Kalshi's gains plus $100K per unauthorized wager offer. Kalshi just scored a federal win in Minnesota, but the New York playbook is civil enforcement at scale.
The pushback comes as the Senate races to lock down a floor vote on the first comprehensive federal crypto framework, with state enforcers now openly fighting parts of it.