#CryptoUpdate| Gemini Settles $5 Million CFTC Lawsuit Over Misleading Statements
Gemini Trust Co., the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has agreed to a $5 million settlement with the Commodity Futures Trading Commission (CFTC).
The settlement resolves allegations that Gemini provided misleading information in 2017 during its attempt to gain regulatory approval for the first U.S.-regulated Bitcoin futures contract.
Without admitting or denying the claims, Gemini opted to settle the case and avoid a prolonged legal battle, signaling its commitment to resolving regulatory disputes
Gemini Trust Co., the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has agreed to a $5 million settlement with the Commodity Futures Trading Commission (CFTC).
The settlement resolves allegations that Gemini provided misleading information in 2017 during its attempt to gain regulatory approval for the first U.S.-regulated Bitcoin futures contract.
Without admitting or denying the claims, Gemini opted to settle the case and avoid a prolonged legal battle, signaling its commitment to resolving regulatory disputes