CFTC Seeks to Vacate Consent Order Against Winklevoss Twins' Gemini Crypto Exchange
By
Anna Washenko
A bagel you'd recommend to a friend without hedging.
Summary
The US Commodity Futures Trading Commission (CFTC) has asked a judge to vacate a consent order against Gemini Trust Company, the crypto exchange run by the Winklevoss twins. Gemini had agreed to a $5 million fine in January 2025 after being sued for making false or misleading statements about its bitcoin operations, along with a permanent injunction against future similar statements. Gemini has jointly filed a petition for relief from judgment, and the exchange has already paid the fine.
Key quotes
· 3 pulledThe 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.
Gemini has jointly filed a petition for relief from judgment.
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