U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

US regulator tries to withdraw penalty against Trump donors’ crypto company

By Adam Cancryn, CNN (CNN) — The US Commodity Futures Trading Commission is asking a judge to vacate the Biden-era penalty that it imposed last year on a cryptocurrency exchange run by Tyler and Cameron Winklevoss — prominent donors to President Donald Trump’s 2024 campaign. The request, filed late Wednesday, marks an extraordinary reversal for the regulatory agency, which had originally accused the Winklevoss twins’ Gemini Trust Company in 2022…

CFTC asks judge to vacate $5M Gemini penalty

A onetime CFTC chair nominee alleged Gemini’s founders grilled him on the case, then lobbied the White House to stall his nomination.

Winklevoss twins could see $5M crypto penalty wiped away

The CFTC said regulators should never have accused Tyler and Cameron Winklevoss' Gemini Trust Company of making false statements in connection with its bitcoin futures ​business

U.S. regulator moves to withdraw $5 million penalty against Winklevoss' crypto exchange

The U.S. CFTC asked a judge on Wednesday to vacate the agency's $5 million penalty against a cryptocurrency exchange founded by the Winklevoss twins.

U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

The regulator went back to analyze the 2022 case and decided that it wouldn't have been pursued under current management and practices.

CFTC Joins Gemini in Motion to Ease Court Order

US regulator CFTC asks court to unwind parts of Gemini consent order, citing flawed enforcement case. Continue reading at DailyCoin.