CFTC sues Gemini claiming the crypto exchange lied in futures contract evalua...
The agency says the exchange gave false information in person and in documents in its 2017 bid to be among the first to offer Bitcoin futures contracts. The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents, violating the Commodity Exchange Act and other regulations. The agency was making an evaluation of the potential self-certification of a....
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The lawsuit against Gemini is not about an exchange-traded fund, it’s about how a particular Bitcoin futures contract is being represented. On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification of a Bitcoin futures contract, the prices for which were to be settled daily by an auction (the....
Gemini has accused the Commodity Futures Trading Commission (CFTC) staff of waging a “trophy-hunting lawfare” campaign based on “fabricated” statements and unfairly weaponizing the Commodity Exchange Act (CEA) against the crypto exchange for over seven years. Related Reading: Forza Crypto! Top Exchange Token Soars 30% Following Collab With Italian Giant Juventus Gemini Slams DOE Staff […]
President Trump’s pick for Chairman of the Commodity Futures Trading Commission (CFTC) has accused the founders of crypto exchange Gemini of interfering with his confirmation process following a key conversation from two months ago. Related Reading: Nasdaq Set To Invest $50 Million In Crypto Exchange Gemini’s IPO – Report CFTC Nominee Shares Texts With Gemini […]
Gemini, a cryptocurrency exchange, is being sued by the CFTC on allegations of false statements made to obtain certification for bitcoin futures contracts.