Gemini Trust Co. Settles CFTC Lawsuit for $5 Million Ahead of Trial over Bitcoin Futures
Cryptocurrency exchange Gemini, owned by the Winklevoss twins, has agreed to a $5 million settlement to end a lawsuit with the Commodity Futures Trading Commission (CFTC). The case, which alleged Gemini misled regulators to launch a Bitcoin futures contract, was resolved just weeks before a trial was set to begin. In 2022, the CFTC filed…