Gemini Settles CFTC Case with $5 Million Fine

Reported 1 day ago

Gemini Trust Co., founded by the Winklevoss twins, has agreed to pay a $5 million fine to resolve a claim by the Commodity Futures Trading Commission (CFTC) for allegedly misleading the regulator about preventing market manipulation in Bitcoin futures. The settlement was disclosed just before a trial that was set to begin on January 21 and allows Gemini to avoid admitting liability.

Source: YAHOO

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