Gemini accuses CFTC enforcers of ‘trophy-hunting lawfare’ in 2022

Gemini has accused the CFTC’s enforcement division of using a false whistleblower report to form its 2022 lawsuit against the crypto exchange.

Gemini Trust claims it was a “selfish desire” by the Commodity Futures Trading Commission’s litigators to advance their careers that allowed “dubious” charges to be brought against the crypto exchange in 2022.

In a letter on Friday to CFTC Inspector General Christopher Skinner, Gemini alleged the agency’s Division of Enforcement lawyers relied on a dodgy whistleblower report to sue the company. 

“DOE Staff selectively and unfairly weaponized the Commodity Exchange Act [....] to bring dubious false statements charges against Gemini,” lawyers for the exchange claimed.

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