Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has lodged a complaint against the Commodity Futures Trading Commission (CFTC). The exchange claims that the CFTC's enforcement division has engaged in a vindictive seven-year 'lawfare' campaign, prioritizing personal career gains over consumer protection and squandering taxpayer money. In a 13-page letter to CFTC Inspector General Christopher Skinner, Gemini's lawyers argue that enforcement attorneys misused federal law to bring questionable charges against the exchange. They assert that the investigation originated from a false whistleblower report by a disgraced former employee, Benjamin Small, who was dismissed for his involvement in a rebate fraud scheme. Despite a 2022 lawsuit accusing Gemini of misleading regulators regarding its Bitcoin auction pricing, the exchange settled by paying a $5 million fine without admitting guilt. Gemini is now focused on expansion, including plans for a public offering and obtaining a Malta license to operate across Europe under new regulations. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC