NEW: CelsiusNetwork recently told customers the $CEL rewards token faces 'regulatory risks.' realDannyNelson reports
new “Earn” program sign-ups in the U.S. to accredited investors.
“We have been in ongoing discussions with United States regulators regarding our Earn product,” the company said in an. “As a result, there will be changes to the way our Earn product will work for users based in the United States.” Last September, state securities regulators ordered Celsius to prove Earn wasn’t an unregistered security. Federal regulators are also said to be looking into Celsius. Neither effort has resulted in a settlement or fine, as is the case for crypto lending competitor
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