Former CEO of Celsius requests judge to dismiss charges of commodity fraud and market manipulation.

BlockBeats news reported on January 16th that according to Cointelegraph, the lawyer of former Celsius CEO Alex Mashinsky filed a motion in federal court requesting the judge to dismiss charges of commodity fraud and market manipulation. According to a document submitted to the United States Southern District Federal Court on January 12th, Alex Mashinsky's legal team filed a motion to dismiss the two felony charges that the former Celsius CEO may face in the trial scheduled for September 2024. According to the document, the second charge of commodity fraud is "inconsistent" and "illogical" with the first charge of securities fraud in the government's handling of cryptocurrencies. Alex Mashinsky's lawyer also argued that the court should dismiss the sixth charge of market manipulation due to "lack of fair notice," claiming that the U.S. government "created" a criminal charge for a civil violation.