The Winklevoss twins-owned crypto exchange Gemini has filed a formal complaint against the Commodity Futures Trading Commission (CFTC), pushing back against a legal battle from 2022.
In a recently submitted 13-page letter to CFTC Inspector General Christopher Skinner, Gemini accused the agency’s enforcement division of waging a years-long “lawfare” campaign driven by litigators’ personal ambition rather than public interest. The dispute stems from the 2022 lawsuit filed by the CFTC against Gemini. At the time, the agency claimed that the exchange made misleading statements back in 2017 about how its Bitcoin (BTC) auction prices could be manipulated, resulting in a $5 million settlement.
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