The CFTC moves to vacate a $5M settlement with Gemini, reversing a Biden-era enforcement action, following a lobbying campaign by the Winklevoss twins
A $5 million settlement at the end of the Biden administration was at the center of a lobbying campaign by the billionaire brothers
Wall Street Journal
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Discussion
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@cftc
@cftc
on x
.@CFTC Joins Gemini Trust Company LLC in Motion for Relief from Judgment: https://www.cftc.gov/...
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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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@marypcbuk
Mary Branscombe
on bluesky
is there a scorecard of the crypot kids getting what they paid to elect trump for? [embedded post]