Gemini, managed by the Winklevoss twins, has agreed to pay $5 million to settle charges from the U.S. Commodity Futures Trading Commission (CFTC). The charges relate to false information provided during the attempt to launch the first regulated U.S. Bitcoin futures contract. The CFTC claims that between July and December 2017, Gemini misled regulators, which could have led to price manipulation of the cryptocurrency used as a benchmark for derivative financial instruments.
1/7/2025 1:10:59 PM (GMT+1)
Gemini has agreed to pay $5 million to settle CFTC charges of providing false information and potential price manipulation during the launch of the Bitcoin futures contract in 2017 💸
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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