‘Extraordinarily Unusual’ for CFTC to Reverse Gemini Settlement Deal: Ex-chair
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A former CFTC chair called it 'extraordinarily unusual' for the agency to vacate a $5 million settlement with Gemini.Summary
A former chairman of the US Commodity Futures Trading Commission (CFTC) criticized the agency's decision to vacate a $5 million settlement with the cryptocurrency company Gemini. The settlement, reached in January 2025 under the Biden administration, was reversed following a motion alleging that a whistleblower was not credible and evidence was concealed. Tim Massad, a former CFTC chair, stated that the agency's reversal was
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