1 hour ago
CFTC and Gemini Jointly Move to Vacate 2022 Consent Order After Enforcement Review
RegulationCFTCCFTC InvestigationConsent Ordercrypto policycrypto regulationDigital AssetsEnforcement ReformGemini Trust
TLDR: The CFTC admitted the 2022 complaint against Gemini should never have been filed under current standards. A whistleblower with known credibility issues served as the primary basis for the original complaint against Gemini. Agency personnel were found to have misused regulatory authority to create leverage during settlement negotiations. The CFTC and Gemini jointly moved [...]
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