Gemini agrees to pay $5 million to settle CFTC lawsuit over misleading Bitcoin futures claims, amidst ongoing legal battles.

Winklevoss twins’ Gemini settles with the CFTC for $5 million amid ongoing tensions over crypto regulation and industry leadership.

The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order against Gemini Trust Company LLC, a New York trust ...

Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made more than seven years ago about how ...

A New York judge has delayed the start of a trial in a case between the United States Commodity Futures Trading Commission (CFTC) and the Gemini Trust Company, first filed in 2022. In a Dec. 30 ...

The US Commodity Futures Trading Commission (CFTC) has reached an agreement with Gemini Trust Company that could allow the firm to avoid a civil trial if approved by a judge. According to a Jan. 6 ...

Gemini, the crypto exchange founded by the Winklevoss twins, has cut a $5 million check to settle a lawsuit with the Commodity Futures Trading Commission (CFTC). The case had accused them of ...

The CFTC alleged Gemini misrepresented the susceptibility of its bitcoin futures contract to manipulation during a 2017 evaluation. Gemini denied wrongdoing, arguing that the futures contract ...

So, Gemini's taking a $5M hit to settle with the CFTC after some shady 2017 claims. The CFTC accused the Winklevoss-led platform of misrepresenting stuff when trying to get their bitcoin futures ...

Gemini also provides digital asset services for cryptocurrencies, including bitcoin, such as currency custody and exchange. According to the CFTC, at the time Gemini “knew or reasonably should ...

A trial for the case had been set to start Jan. 21, but that will no longer proceed. The CFTC sued Gemini in 2022, alleging it had misled the U.S. regulator during in-person meetings that occurred ...