The future of crypto regulation: key considerations
What does the latest crypto conviction mean for this volatile sector, and can a global response bring this type of currency into the mainstream?
In May 2025, Alex Mashinsky, former CEO of cryptocurrency platform Celsius Network, was given a 12-year prison sentence after pleading guilty to fraud. It’s the second longest sentence to be handed out following the 2022 cryptocurrency crash, after Sam Bankman-Fried’s 25-year sentence for crypto fraud.
Promising high-yield rewards and a ‘safe’ alternative to banks, Celsius attracted hundreds of thousands of retail customers worldwide between 2017 and 2022, with 1.7m clients at its peak, according to Reuters. In its marketing and…
