The U.S. Commodity Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini, owned by Cameron and Tyler Winklevoss, for “making false or misleading statements” to the regulator in 2017.
What Happened: According to a release from the regulator on Thursday, Gemini made false statements and omitted certain facts to the CFTC during the regulator’s evaluation of a potential self-certified Bitcoin (CRYPTO: BTC) futures contract.
In the complaint, the CFTC alleges that Gemini omitted facts and misled regulators to undermine their ability to understand how easily the proposed Bitcoin futures contract could be subject to price manipulation.
“Gemini personnel knew or reasonably should have known that such statements were false or misleading,” stated the complaint.
A deeper analysis of the …
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