Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has agreed to pay a $5 million fine to settle allegations made by the Commodity Futures Trading Commission (CFTC). The CFTC accused Gemini of providing misleading information during its attempt to launch the first U.S.-regulated Bitcoin futures contract. The settlement means that Gemini will avoid a trial scheduled for 2025 and does not admit or deny liability. The CFTC lawsuit is part of the Biden administration's efforts to regulate the cryptocurrency industry, although some in the crypto community are hopeful that Trump's potential return to office could lead to more industry-friendly policies. Gemini turned over subpoenaed laptops related to the case, and a related criminal investigation was closed without charges.



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