According to Cointelegraph reported that the lawyer of former Celsius CEO Alex Mashinsky filed a motion in federal court requesting the judge to dismiss charges related to commodity fraud and market manipulation.

According to a document filed in the United States District Court for the Southern District of New York on January 12, Alex Mashinsky's legal team filed a motion requesting the court 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 sixth charge of market manipulation should be dismissed due to "lack of fair notice," claiming that the US government "created" a criminal charge for a civil violation.