- It was reported that Gemini Trust has agreed to pay $5 million to resolve the lawsuit with the CFTC.
- The CFTC claimed that Gemini made false and misleading statements to launch Bitcoin futures contracts.
- Through this settlement, Gemini will be able to avoid the scheduled trial.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
According to the cryptocurrency specialist media WuBlockchain on the 6th (local time), Gemini Trust has agreed to pay $5 million to resolve a lawsuit with the U.S. Commodity Futures Trading Commission (CFTC).
The CFTC had filed a lawsuit claiming that Gemini made false and misleading statements to launch the first regulated Bitcoin (BTC) futures contract in the U.S.
This settlement was disclosed on the 6th (local time) through documents jointly submitted to the court by Gemini and the CFTC. As a result, Gemini will be able to avoid the trial that was scheduled to begin on the 21st.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.PiCK News
US Job Market Starts Strong This Year... Will Fed's 'Cautious Rate Cut' Gain Momentum?
3 minutes ago
U.S. January ADP Nonfarm Employment at 183,000... Far Exceeds Wall Street Expectations
1 hours ago
Today, Major Exchanges See Inflow of 130 Billion USDC... "4 Times the Average Annual Daily Inflow"
3 hours ago
Bitcoin Mentioned Only Once... 'US Crypto Czar' Press Conference Leads to $100,000 Level Collapse
4 hours ago
Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]
7 hours ago![Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]](https://media.bloomingbit.io/prod/news/820bd538-f8c3-427f-b98c-2738f9b62503.webp)
Ranking News