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Benzinga
Benzinga
Business
Samyuktha Sriram

Winklevoss Twins' Crypto Exchange Gets Sued By CFTC Over Bitcoin Futures Product

CFTC Bitcoin Gemini Crypto Tyler Winklevoss Commission

The U.S. Commodity Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini, owned by Cameron and Tyler Winklevoss, for “making false or misleading statements” to the regulator in 2017.

What Happened: According to a release from the regulator on Thursday, Gemini made false statements and omitted certain facts to the CFTC during the regulator’s evaluation of a potential self-certified Bitcoin (CRYPTO: BTC) futures contract.

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