CFTC asks judge to toss Biden-era settlement with Winklevoss twins’ crypto exchange
The agency said the 2025 case should never have been filed and asked to erase a $5 million penalty and injunction.
- On Wednesday, the Commodity Futures Trading Commission and Gemini filed a request in District Court to vacate a 2025 settlement, claiming the original complaint regarding misleading statements should never have been filed.
- Gemini settled the enforcement action in January 2025 during the final weeks of President Joe Biden's administration, paying a $5 million penalty as the CFTC dramatically reversed its approach under President Donald Trump.
- Court papers filed by the CFTC and Gemini claim regulators "resorted to inappropriate tactics" to extract the settlement, threatening to withhold approval for Gemini Titan during the investigation.
- The agency stated it investigated Gemini for misleading statements instead of focusing on fraud committed against the company; if the District Court grants the request, the injunction will be nullified.
- President Donald Trump has actively championed the crypto industry, recently posting on Truth Social that he "will NEVER let Crypto down," while The Winklevoss donated $1 million each to his 2024 election campaign.
29 Articles
29 Articles
CFTC Asks Court to Drop Biden-Era Lawsuit Against Crypto Exchange Gemini
The Commodity Futures Trading Commission asked the courts to drop a Biden-era lawsuit against digital currency exchange Gemini. The post CFTC Asks Court to Drop Biden-Era Lawsuit Against Crypto Exchange Gemini appeared first on Breitbart.
CFTC asks judge to toss Biden-era settlement with Winklevoss twins' crypto exchange
The Commodity Futures Trading Commission (CFTC) asked a judge Wednesday to throw out a Biden-era settlement with Gemini, the cryptocurrency exchange founded by billionaire investors Tyler and Cameron Winklevoss. The agency said it determined that “inappropriate tactics” were used to bring the case and “extract a settlement” from Gemini, which was reached in the final...
US regulator tries to withdraw penalty against Trump donors’ crypto company
The US Commodity Futures Trading Commission is asking a judge to vacate the Biden-era penalty that it imposed last year on a cryptocurrency exchange run by Tyler and Cameron Winklevoss — prominent donors to President Donald Trump’s 2024 campaign.
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