Commodities regulator alleges Winklevoss' Gemini crypto exchange was politically targeted
Key points
- The chairman of the Commodity Futures Trading Commission said it's correcting a flawed enforcement action against Gemini Space Station, the crypto exchange run by the Winklevoss brothers, alleging caught up in a broader campaign against the crypto industry under the Biden administration.
- "The Biden administration weaponized the federal agencies against the crypto industry and many other industries," Michael Selig said Tuesday in a CNBC "Squawk Box" interview.
- "They politically targeted people like the Winklevoss twins, and that's not acceptable.
- We're righting those wrongs.
- We're going to start fresh.
Quick Summary
The chairman of the Commodity Futures Trading Commission said it's correcting a flawed enforcement action against Gemini Space Station, the crypto exchange run by the
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Commodities regulator alleges Winklevoss' Gemini crypto exch.
Key Takeaways
- The chairman of the Commodity Futures Trading Commission said it's correcting a flawed enforcement action against Gemini Space Station, the crypto exchange run by the Winklevoss brothers, alleging caught up in a broader campaign against the crypto industry under the Biden administration.
- "The Biden administration weaponized the federal agencies against the crypto industry and many other industries," Michael Selig said Tuesday in a CNBC "Squawk Box" interview.
- "They politically targeted people like the Winklevoss twins, and that's not acceptable.
- We're righting those wrongs.
- We're going to start fresh.
📌 Source: CNBC
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