CNBC
28 May 2026, 16:29 UTC · 6h ago
CFTC bid to vacate order against Winklevoss' crypto exchange 'very unusual,' ex-agency chief says
Source · https://www.cnbc.com/2026/05/28/gemini-cftc-winklevoss-crypto.html
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CNBC
28 May 2026, 16:29 UTC · 6h ago
Source · https://www.cnbc.com/2026/05/28/gemini-cftc-winklevoss-crypto.html
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The CFTC is seeking to vacate a consent order against Gemini Trust that included a $5 million penalty and an injunction against false statements. — The removal of regulatory sanctions and legal restrictions reduces operational risk and improves the standing of a major cryptocurrency exchange.
+0.60The CFTC stated that the original complaint against Gemini should not have been filed under current enforcement standards. — This signals a shift toward a more lenient or 'pro-industry' enforcement regime for digital assets under the current administration.
+0.40The current CFTC leadership includes Michael Selig, an appointee of President Trump, whose campaign received donations from Gemini's founders. — While it introduces a perception of political influence, it underscores the potential for a more favorable regulatory environment for crypto assets.
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