Gemini Agrees to Pay $5M Settlement in CFTC Case

Quick Summary:

The Commodity Futures Trading Commission sued Gemini in 2022 for making misleading statements.

Many observers have said pro-crypto comments made by President-elect Donald Trump indicate he will appoint regulators with a less confrontational attitude to the industry and a reduction in so-called regulation by enforcement.

A trial for the case had been set to start Jan.21, but that will no longer proceed.

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Article Details

Author / Journalist: Camomile Shumba

Category: Crypto

Markets: United StatesCuba

Topics: Gemini Use Cases Policy CFTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 11:57:29 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 234 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24959812

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Main Topics: Crypto

Official Website: coindesk.com

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News Last Updated: 8 hours ago

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