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.
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