[arcticbull]

The pensioners are the victims of both the fund and Celsius.

Neither should the fund be allowed to invest in Ponzi schemes, nor should the so-called investments be permitted to run them in the open.

[edit] I'd have the same criticism of both if they'd invested in Bernard L. Madoff Investment Securities LLC.

[lupire]

It should be illegal for fiduciaries to invest client funds in crypto schemes without client consent, not illegal for individuals to speculate.

[arcticbull]

I take the position that cryptos are clearly securities under the Howey test. It's pretty self-evident. As such, they must be registered in order to be traded by anyone other than an accredited investor. To be clear, this is the law of the land today. All that's missing is regulatory enforcement action.