Altcoins News
By Sakamoto Nashi
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Creditor Recoveries Enter the Picture. Mashinsky isn't just leaning on the Gemini angle. He's also pointing to improvements in creditor…
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The Regulatory Consistency Question. The Gemini Earn comparison is probably the sharper edge of Mashinsky's legal strategy.
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Alex Mashinsky isn't done fighting. The Celsius Network founder has filed an appeal against his conviction, and his legal team is leaning hard on one specific argument: the SEC's…
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The core of the appeal rests on a comparison. Mashinsky's lawyers say that the SEC's regulatory approach to Gemini Earn — a crypto yield program that also drew scrutiny from…
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Celsius collapsed. Publicly, dramatically, and with enormous fallout for creditors.
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It's a clever move. Creditor recoveries don't erase criminal liability on their own, but they do poke at the story.
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The appeal is still pending. The court hasn't responded to the latest round of arguments.
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The Gemini Earn comparison is probably the sharper edge of Mashinsky's legal strategy. His team's position is that the SEC's actions against Gemini Earn — and how those actions…
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Read also: Veda Opens Kraken DeFi Earn Vault Stack to 2,000-Plus Privy Developers
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That's not a frivolous question. Regulatory consistency has been a sore spot across the crypto industry for years.
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And it's not just a legal tactic, at least not in their framing. They're also making a broader point about what the SEC's behavior says about the regulatory environment for…
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Whether that reframing works depends entirely on the court.
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The proceedings are being watched closely by people across the crypto sector. That's not surprising.
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Mashinsky's legal team is also pushing back on what they call the singular narrative around Celsius's collapse. The company's failure was real and painful — that's not in dispute.
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More context: Radiant Capital Shuts Down After 2024 Hack Drains User Confidence
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