Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission (CFTC) over allegations of misleading statements made years ago about the ease of price manipulation in Bitcoin futures contracts. The settlement, reached without admitting or denying liability, also includes an injunction preventing Gemini from making false or misleading statements to the CFTC in the future.
Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission.
Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made more than seven years ago about how easily the price of a bitcoin futures contract could be manipulated. Part of the deal also included an injunction to prevent Gemini from making false or misleading statements to the commission in the future. These types of injunctions are common in settlements or lawsuits by federal securities and commodities regulators.
CRYPTOCURRENCY REGULATION COMMODITY FUTURES TRADING COMMISSION GEMINI SECURITIES AND EXCHANGE COMMISSION
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