Last week, @Gemini lodged a complaint with the Inspector General of the @CFTC regarding the conduct of 9 lawyers in the Division of Enforcement. For 7 years, these lawyers misused their offices and millions of taxpayer dollars to engage in trophy-hunting lawfare against Gemini to advance their careers. They investigated and sued Gemini — an innocent party – to serve their personal interests even though they knew Gemini was in fact the victim of a multi-million dollar rebate fraud.
In so doing, these lawyers strayed far from their mission to faithfully serve the public interest and treat market participants fairly. You can read our full complaint here:
The SEC's only Democratic Commissioner, Caroline Crenshaw, continues to double down on Gary Gensler's "everything is a security" mandate. Most recently, she disagreed with the SEC's guidance that staking is NOT a security. Democrats are not tired of losing elections yet.
The Fed just ended its 2022 and 2023 guidance that held banks that had crypto customers and crypto activities to a double standard. Huge step in continuing to wind down the War on Crypto and Operation Chokepoint 2.0. Onward!