CFTC Chairman Seeks to Withdraw $5 Million Settlement with Gemini
Odaily reported that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig stated that enforcement actions during the Biden administration were "politically targeted" against the co-founders of cryptocurrency exchange Gemini, and he is working to correct the handling of related cases.
Under Michael Selig's leadership, the CFTC last week requested a federal court to withdraw the agency's $5 million settlement with Gemini, which was reached in January 2025. The settlement occurred before the Trump administration took over the commission.
Gemini co-founders Tyler Winklevoss and Cameron Winklevoss each donated $1 million to Donald Trump's 2024 campaign and have attended White House events, including the signing ceremony for the stablecoin-related GENIUS Act. (cointelegraph)
