CFTC asks judge to toss Biden-era settlement with Winklevoss twins’ crypto exchange

The Commodity Futures Trading Commission (CFTC) asked a judge Wednesday to throw out a Biden-era settlement with Gemini, the cryptocurrency exchange founded by billionaire investors Tyler and Cameron Winklevoss.

The agency said it determined that “inappropriate tactics” were used to bring the case and “extract a settlement” from Gemini, which was reached in the final weeks of the Biden administration.

“The CFTC has further determined that the Complaint should not have been filed, and that maintaining the Consent Order’s prospective provisions would be inconsistent with the treatment of other regulated entities,” the filing reads.

It also argues the settlement will “continue to have a chilling effect on both........

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