The twins accuse CFTC of the law campaign and “toxic culture”

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Gemini accused the employees of Komisar of the Futures of Goods (CFTC) as part of the Trophist jurisdiction campaign as part of a legal struggle based on “fabricated” statements and the unfair operate of the law on trade exchange (CEA) against the crypto -pit for over seven years.

Gemini criticizes the behavior of doe employees

Last week, Gemini Trust sent a letter to the inspector of the Commission for Futures in trade, Christopher Skinner, in which it expressed several fears and complaints about the behavior of the unit of conformity (doe) of the agency on the crypto over the past seven years.

The letter of June 13 accuses the employees of Doe of “dishonest” operate of the right to exchange traders of “organizing dubious false accusations against Gemini Trust” and “the profession of a number of legal positions that are contrary to the basic principles of proper legal procedure and good management.”

Official letter

Letter to the General Inspector Gemini Skinner. Source: Eleanor Terret, Social. Internet

In 2022, the Futures Commission for Trade (CFTC) sued Gemini, claiming that the stock exchange issued “false and misleading statements” regarding its actions to prevent market manipulation with Bitcoin (BTC) prices in 2017. In the lawsuit it was found that Crypto -Prope provided CFTC information in the process of assessing the certification itself Feda agreement on BTC.

In January 2025, Gemini Trust Agreement Pay CFTC $ 5 million to solve fees. However, in a letter of Friday it is argued that she did not go to agreement because of the fault, but because “she had no other choice at that time.”

According to Gemini, the behavior of agency employees over the past seven years indicates that their “hunting for trophies” has not been motivated by the desire to protect freight markets. On the contrary, it was allegedly caused by “selfish desire Doe to develop in his career, abusing their positions because of the loud” victory “.

In addition, the company claims that Doe ignored the fact that Gemini Trust was “a victim of dishonest actions of many deprived of persons”, and the allegations came from the “statement of anonymous lodge, from the discredited former employee”, former CPO Benjamin Smolli, who was reported, began a “local campaign”.

On this basis, the letter says that Doe employees systematically abused their rights and deliberately issued millions of taxpayers on trials against the “innocent side”, which makes “fabricated accusations against Gemini Trust.”

CFTC tries to return the regulatory transparency

The cryptocurrency also said that “there are serious problems in Doe and its culture,” adding that it is known: the unit “slipped out of control” and has “toxic” philosophy.

They believe that public statements and comments of the CFTC Caroline Fam chairman show that Doe “lost monuments”. Recently criticized the approach of the previous administration “Regulation through coercion”, confirming that the agency is working on restoring regulatory transparency.

According to Bitcoinist, FAM spoke violently against the American securities and stock exchanges (SEC) and the previous thinking of existing CFTC regulations to prosecute sectors that were considered “bad” or “bad”, such as cryptocurrency and blockchains.

And the chairman of the agency stated that CFTC would no longer “distort the law to criminalize the class of asset or technology”, focusing on their “key mission” instead – identifying the market participants deprived of crunchy participants and preventing fraud, manipulation and fraud.

But she Claimedthat the regulation will not become more softer for the cryptocurrency industry or anyone else, despite the fresh integral approach of the agency. In particular, “restoring established legal precedents that CFTC has observed and interpreted for decades” is a priority under his leadership.

In a letter to Gemini Trust, he states that the CFTC transformation “will require serious introspection and long -term duties of the entire agency, so that such behavior of dishonesty is never repeated again”, and proposes “help from the commission and general inspector in any form that they consider useful.”

Bitcoin trade schedule

Bitcoin is trading in a weekly schedule of 105,048 USD. Source: btcusdt on TradingView

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Screenshot from the website before -Solaxes.
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