Jun 2
CFTC Chair Moves to Reverse Winklevoss-Led Gemini Enforcement Order
➤ The CFTC is seeking to vacate parts of a previous enforcement order against Gemini, citing flaws and potential political targeting under the Biden administration. ➤ CFTC Chair Michael Selig stated the agency aims to 'start fresh' and avoid 'lawfare,' indicating a review found issues with evidence and procedures in the original case. ➤ The original case, which began in 2022, involved allegations of misleading regulators regarding a Bitcoin futures product, resulting in a $5 million penalty for Gemini.
