• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Coinbase, crypto, Gemini, DeFi

Crypto Exchange Gemini Accuses CFTC Of Lawfare Campaign, ‘Toxic Culture’ In New Complaint

Rubmar Garcia
by Rubmar Garcia
3 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Gemini has accused the Commodity Futures Trading Commission (CFTC) staff of waging a “trophy-hunting lawfare” campaign based on “fabricated” statements and unfairly weaponizing the Commodity Exchange Act (CEA) against the crypto exchange for over seven years.

Related Reading: Forza Crypto! Top Exchange Token Soars 30% Following Collab With Italian Giant Juventus

Gemini Slams DOE Staff Conduct

Last week, Gemini Trust sent a letter to the Commodity Futures Trading Commission’s Inspector General, Christopher Skinner, to raise multiple concerns and complaints about the agency’s Division of Enforcement (DOE) conduct against the crypto exchange over the past seven years.

The June 13 letter accuses the DOE staff of “selectively and unfairly” weaponizing the Commodity Exchange Act to “bring dubious false statements charges against Gemini Trust” and “taking a series of legal positions that are contrary to basic principles of due process and good governance.”

Gemini

Gemini's letter to Inspector General Skinner. Source: Eleanor Terret on X

In 2022, the CFTC sued Gemini, claiming that the exchange issued “false and misleading statements” regarding its actions to prevent market manipulation in Bitcoin (BTC) prices in 2017.  The complaint alleged that the crypto exchange gave deceiving information to the CFTC as it evaluated a possible self-certification for a BTC futures contract.

In January 2025, Gemini Trust agreed to pay $5 million to the CFTC to resolve the allegations. However, it claims in Friday’s letter that it didn’t settle because it had done anything wrong, but rather “because it had no other choice” at the time.

According to Gemini, the agency’s staff conduct over the past seven years shows that its “trophy-hunting lawfare” was not motivated by a desire to protect the commodities markets. Instead, it was allegedly driven by the DOE personnel’s “selfish desire to advance their careers by misusing their offices to obtain a high-profile ‘win.’”

Additionally, the company argues that the DOE ignored the fact that Gemini Trust was “the victim of fraudulent activity by multiple bad actors” or that the claims originated from a “lie-riddled whistleblower submission by a discredited former employee,” former CPO Benjamin Small, who reportedly embarked on a “vindictive campaign” after he was fired.

Based on this, the letter claims that the DOE Staff consistently abused their office and willingly burned millions of dollars of taxpayer money to sue an “innocent party” and “pursue fabricated and manufactured claims against Gemini Trust.”

CFTC To Restore Regulatory Clarity

The crypto exchange also claimed that “there is something deeply wrong with the DOE and its culture,” adding that it is well known that the division is “out of control” with a “toxic” philosophy.

They consider that the public statements and remarks from CFTC acting chair Caroline Pham have shown how the DOE “has lost its way.” Recently, she criticized the previous administration’s “regulation by enforcement” approach, affirming that the agency is working to restore regulatory clarity.

As reported by Bitcoinist, Pham slammed the Securities and Exchange Commission (SEC) and the CFTC’s previous reinterpretation of existing laws to persecute what they perceived as “bad” or “evil” sectors, like crypto and blockchain technology.

The agency’s acting chair claimed that the CFTC will no longer “twist the law to criminalize an asset class or a technology,” focusing instead on its “core mission” to catch bad actors and prevent fraud, manipulation, and scammers in the market.

However, she clarified that regulations won’t be easy on the crypto industry, or anybody, despite the agency’s new pro-innovation approach. As such, “restoring the well-settled legal precedents, how the CFTC has applied and interpreted the law for decades,” has been a priority under her leadership.

Gemini Trust concluded in the letter that the CFTC’s transformation “will require serious introspection and long-term commitment from the agency as a whole to ensure that this bad-faith behavior never happens again,” and offered to “assist the Commission and Inspector General in whatever capacity they would deem helpful.”

Related Reading: No Ruling Yet—But Ripple And The SEC Just Made Their Next Move

Gemini, Bitcoin, BTC, bTCUSDT

Bitcoin trades at $105,048 in the one-week chart. Source: BTCUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Rubmar Garcia

Rubmar Garcia

Follow

Rubmar is a crypto enthusiast who likes learning and improving constantly. She enjoys reporting on the latest news and developments in the crypto industry. Rubmar also enjoys scrapbooking, crafting, simulation games, and watching football.

Full Profile

Related Posts

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 29)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 29)

22 minutes ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 29)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 29)

22 minutes ago
PEPENODE Presale Hits $1.5M: This GameFi Project Offers Mining Rewards Minus the Hassles

PEPENODE Presale Hits $1.5M: This GameFi Project Offers Mining Rewards Minus the Hassles

1 hour ago
Crypto

Crypto ATM Scams In Arizona Face Incoming Crackdown – Details

16 hours ago
Best Altcoins to Buy as Options & Derivatives Push Bitcoin Toward $10T Market Cap

Best Altcoins to Buy as Options & Derivatives Push Bitcoin Toward $10T Market Cap

21 hours ago
Breakout signaal op XRP charts - Gemini en Chatgpt voorspellen Augustus pump

Gemini AI voorspelt: XRP, Shiba Inu en Solana koers pump in oktober

22 hours ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    3 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    5 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    6 days ago
  • Snorter надхвърли $4 милиона след...

    7 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.