Gemini Resolves CFTC Lawsuit With $5M Settlement Over Bitcoin Futures Misstatements

Gemini Trust has agreed to pay $5 million to resolve allegations of providing false information to the Commodity Futures Trading Commission.
The misleading claims were made during the process in which the agency was evaluating a proposed Bitcoin futures contract, specifically relating to whether the proposed contract was susceptible to market manipulation.
The CFTC argued that, “Gemini personnel knew or reasonably should have known that such statements were false or misleading”, …Full story available on Benzinga.com

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