US CFTC sues crypto exchange Gemini over 2017 statements

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:The U.S. CFTC filed a federal lawsuit in New York on Tuesday accusing Gemini Trust Co of making false and misleading statements concerning a bitcoin futures contract the firm was pursuing in 2017.The agency contends that Gemini, a crypto exchange led by Cameron and Tyler Winklevoss, violated federal laws gov

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:The U.S. CFTC filed a federal lawsuit in New York on Tuesday accusing Gemini Trust Co of making false and misleading statements concerning a bitcoin futures contract the firm was pursuing in 2017.

Gemini officials"knew or reasonably should have known that the statements and information conveyed or omitted" by the company were false or misleading with respect to how a proposed bitcoin futures contract could be susceptible to manipulation, according the filing. Gretchen Lowe, acting director of enforcement at the CFTC, said in a statement the lawsuit"sends a strong message that the Commission will act to safeguard the integrity of the market oversight process."

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