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CFTC wants to reverse course on penalty against Winklevoss twins' crypto business
The Gemini exchange already paid a $5 million fine following the agency’s lawsuit. The US Commodity Futures Trading Commission has asked a judge to vacate a consent order it won against the Gemini Trust Company.
Summary
The Gemini exchange already paid a $5 million fine following the agency’s lawsuit. The US Commodity Futures Trading Commission has asked a judge to vacate a consent order it won against the Gemini Trust Company. The crypto business, run by twins Tyler and Cameron Winklevoss, agreed to a $5 million fine in early January 2025 after the CFTC sued it for making false or misleading statements regarding its bitcoin operation. Along with the fine it agreed to permanent injunction against making similar statements in the future.
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