Gemini raises accusations against the CFTC: seven years 'Lawfare' based on false statements of a discredited former COO

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Gemini reicht Beschwerde ein und beschuldigt die CFTC einer siebenjährigen „Rechtskriegs“-Kampagne, die auf falschen Aussagen eines diskreditierten ehemaligen Betriebsleiters basiert. In einer aktuellen Entwicklung hat die Kryptowährungsbörse Gemini eine offizielle Beschwerde gegen die Commodity Futures Trading Commission (CFTC) eingereicht. Das Unternehmen wirft der CFTC vor, über einen Zeitraum von sieben Jahren eine gezielte Kampagne gegen …
Gemini files a complaint and accuses the CFTC of a seven-year “legal war” campaign, which is based on the wrong statements of a discredited former operations manager. In a current development, the Gemini cryptocurrency exchange has submitted an official complaint against the Commodity Futures Trading Commission (CFTC). The company accuses the CFTC of a targeted campaign against ... over a period of seven years (Symbolbild/KNAT)

Gemini is a complaint and accuses the CFTC of a seven-year “legal war” campaign, which is based on the wrong statements of a discredited former operations manager.

In a current development, the Gemini cryptocurrency exchange submitted an official complaint against the Commodity Futures Trading Commission (CFTC). The company accuses the CFTC of leading a targeted campaign against Gemini over a period of seven years. This "Lawfare" strategy is based on the wrong demands of a former Chief Operating Officer (COO) of Gemini, which is now discredited.

The allegations are directed against the way the CFTC acted against Gemini in its approach. The claims of the former COO, which served as the basis for the investigation, are considered unfounded and misleading by Gemini. The company argues that these false accusations not only led to considerable financial and reputative damage to Gemini, but also impair confidence in the regulatory framework for cryptocurrencies.

This complaint is another step in the continued conflict between cryptocurrency providers and regulatory authorities. In recent years, various companies from the crypto industry have experienced similar legal disputes because the regulatory landscape is in constant change.

Gemini is committed to rejecting the CFTC allegations and defending the integrity of the company. By submitting this complaint, Gemini pursues the goal of invalidating them against them and at the same time drawing attention to possible grievances within the regulatory procedures.

Overall, this incident illustrates the challenges with which companies are confronted in the field of cryptocurrencies, as well as the need for more transparent and fairer regulatory processes. It remains to be seen how the situation will develop and what consequences this could have for the crypto industry in general