The Federal District Court for the Southern District of New York issued a consent order against Gemini Trust Company LLC for providing false or misleading information in violation of the Commodity Exchange Act (CEA). Gemini was ordered to pay a $5 million civil penalty and is subject to a permanent injunction.
The case involves that between July and December 2017, Gemini submitted false or undisclosed key information to the CFTC to support the self-certification of bitcoin futures contracts, including "advance payment requirements", "self-trading precautions", "fee rebates", and volume and liquidity data.
Gemini fined $5 million for providing false or misleading information to CFTC
2025-01-15 04:53:39
According to the United States Commodity Period Commodity Exchange Commission CFTC Bulletin New York Southern Districtdesk3cryptocurrencydesktopCrypto News
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