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Which regulatory body will take action against Gemini Trust in 2025?
2
Resolution / Starting Odds
SEC • 25%
FINRA • 25%
IRS • 25%
Other • 25%
Official announcements or press releases from regulatory bodies
Story
Gemini Trust, Founded by Winklevoss Twins, Agrees to $5 Million Settlement and Injunction with CFTC Over Bitcoin Futures Misrepresentation
Jan 6, 2025, 05:37 PM
Gemini Trust Company, founded by the Winklevoss twins, has agreed to pay a civil penalty of $5 million to settle charges from the U.S. Commodity Futures Trading Commission (CFTC). The settlement relates to allegations that Gemini misled the derivatives regulator in its efforts to launch the first U.S.-regulated Bitcoin futures contract in 2017. The court filing indicates that the agreement includes an injunction as part of the resolution of the CFTC's claims against the company.
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Other • 25%
Fines for money laundering • 25%
SEC charges • 25%
CFTC charges • 25%
Federal Reserve • 25%
CFTC (Commodity Futures Trading Commission) • 25%
SEC (Securities and Exchange Commission) • 25%
Other • 25%
Securities and Exchange Commission (SEC) • 25%
Federal Reserve • 25%
U.S. Treasury • 25%
Other • 25%
Other • 25%
CFTC • 25%
SEC • 25%
FINRA • 25%
Tokyo Metropolitan Police • 25%
Japan Financial Services Agency (FSA) • 25%
International regulatory body • 25%
No investigation • 25%
Sanctions • 25%
Other • 25%
No action • 25%
Fine • 25%
Misleading investors • 25%
Unregistered securities • 25%
Other • 25%
Fraud charges • 25%
License suspension • 25%
New regulation introduced • 25%
No major action • 25%
Fine • 25%
