The US CFTC files alongside Gemini to nullify Gemini's $5M January 2025 settlement, arguing that the agency's current management wouldn't have pursued the case
The regulator went back to analyze the 2022 case and decided that it wouldn't have been pursued under current management and practices.
CoinDesk Jesse Hamilton
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Discussion
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@amandalfischer
Amanda Fischer
on x
This is massive, scandalous news Just days after @nytimes investigation on CFTC corruption, the Chair moves to exhume a past settlement w/the Winkelvoss twins' exchange, move to toss it out, & discredit the career civil servants whose case was approved by past CFTC leadership
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@bankxrp
@bankxrp
on x
CFTC admits mistake: Joins Gemini in motion to vacate consent order from 2022 case. “Complaint should not have been filed” under today's standards. Huge regulatory U-turn in crypto enforcement. https://www.cftc.gov/... [image]
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@cftc
@cftc
on x
.@CFTC Joins Gemini Trust Company LLC in Motion for Relief from Judgment: https://www.cftc.gov/...