Is Celsius banning new transfers from nonaccredited investors?

Cryptocurrency lender Celsius is banning new transfers from nonaccredited investors on its U.S. platform from earning rewards on its program effective Friday. Starting April 15, only “accredited” U.S. investors will be able to add new assets and earn rewards on Celsius' Earn platform, said the company.

Is Celsius Network (cel) in violation of securities laws?

The company is currently facing several legal investigations from regulators in various U.S. states on allegations its lending and earn programs might be in violation of securities laws. CEL, the native token of the Celsius Network, is trading at $2.62 at press time, down from $2.69 24 hours ago, according to Messari.

What is Celsius (cel)?

CEL, the native token of the Celsius Network, is trading at $2.62 at press time, down from $2.69 24 hours ago, according to Messari. Sign up for The Node, our daily newsletter bringing you the biggest crypto news and ideas.

Who is an accredited investor?

Under certain circumstances, an accredited investor designation may be assigned to a firm's directors, executive officers, or general partners if that firm is the issuer of the securities being offered or sold. In some instances, a financial professional holding a FINRA Series 7, 65, or 82 can also act as an accredited investor.