Ex-Celsius exec sentenced to time served after guilty plea

A U.S. federal judge sentenced former Celsius chief revenue officer Roni Cohen‑Pavon to time served and one year of supervised release after his 2023 guilty plea for fraud and price‑manipulation related to the CEL token. Cohen‑Pavon agreed to pay more than $1 million plus a $40,000 fine. The development, alongside Alex Mashinsky’s ongoing 12‑year sentence and $48 million forfeiture, signals criminal proceedings tied to the 2022 Celsius collapse are largely winding down. Markets may view the resolution as removing a legal overhang for crypto tokens tied to the case, though the article does not report immediate price moves. Broader implications are mixed: reduced litigation uncertainty could be modestly positive for major crypto assets (e.g., BTCUSD), but remaining regulatory and civil matters mean material market effects are likely limited.