Celsius is facing pressure over its ICO token and is suspending distribution in the U.S. immediately

Celsius took precautionary measures this week and suspended the asset's distribution in the U.S. after the possibility of facing advice from legal counsel over potential problems over the status of its native token. Celsius sold CEL tokens for $50 million in an ICO in March 2018 and claims to have more than 10,000 accounts. The firm generates funds through its main lending business and then redistributes it as interest.

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