CFTC sued the Bitcoin-Biru of Gemini Gemini Winklvos

The U.S. URSE -FIRE TRAING (CFTC) filed a lawsuit for the Gemini cryptocurrency exchange. The lawsuit claims that the company “misleads the regulator, answering questions about the futures contract tied to the price of bitcoin on the Gemini platform,” Bloomberg reports.

According to the agency, the lawsuit was filed with the Federal Court of Manhattan. According to the document, in July-December 2017, at meetings with CFTC employees, representatives of the company “made false and misleading statements” regarding the activities of the platform and product Gemini Bitcoin Actions.

“This futures contract based on bitcoin was of particular importance, since it was supposed to be one of the first futures on digital assets placed on a specially created market for the market, while investors showed great interest in https://gagarin.news/ accessing bitcoin through derivatives markets,” the saying In the lawsuit CFTC.

The mechanism for determining the price of Gemini Bitcoin Actions was used in calculated futures for the Bitcoin Chicago Exchange Exchange (CBOE), when the product was launched in 2017.

In 2019, in the context of the bear market and competition from the CME, the site excluded this tool from listing.

Recall that in May 2022, CFTC Commissioner Caroline FAM compared cryptocurrencies with lottery tickets.

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