Cameron Winklevoss, co-founder and president of Gemini Trust Co. (right), with his brother Tyler Winklevoss, co-founder and chief executive officer, during the Token2049 conference in Singapore, on Sept. 14, 2023. Photo: Joseph Nair/Bloomberg‘Not a Regulatory Gray Area’: CFTC Secures $5M Settlement From Gemini
“For the CFTC to fold on a case like this for only a $5 million settlement is indicative of a much more dovish stance,” said Joe Doll, general counsel for Magic Eden, who is not involved in the matter.
January 06, 2025 at 06:11 PM
3 minute read
The Commodity Futures Trading Commission secured a $5 million payment as part of a settlement with Gemini Trust Co. on Monday over allegedly misleading claims made during its bid to launch the first U.S.-regulated bitcoin futures contract.
The proposed deal was disclosed Monday in a joint court filing by both parties ahead of an impending trial in the U.S. District Court for the Southern District of New York on Jan. 21, the day following Donald J. Trump’s inauguration for his second term as president.
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