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Gemini Trust Co. Settles $5 Million CFTC Lawsuit Ahead of Bitcoin Futures Trial

News Guru January 7, 2025
Gemini Trust Co. Settles $5 Million CFTC Lawsuit Ahead of Bitcoin Futures Trial

Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has agreed to pay $5 million‍ to settle a lawsuit. The Commodity Futures ‌Trading Commission is a‍ federal agency‍ overseeing trading​ practices. ⁢Gemini faced accusations ‍of misleading regulators in ⁤this case. Additionally, the⁢ launch of a Bitcoin futures contract was finalized just weeks prior to⁣ a scheduled trial. The ‌project is anticipated to go live​ in 2023.

Categories: Cryptocurrency News

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