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Crypto exchange Gemini has filed a complaint against the CFTC, alleging a seven-year ‘lawfare’ campaign driven by career ambitions rather than consumer protection. The exchange claims the investigation was based on false whistleblower claims from a discredited former employee.
- Gemini alleges CFTC enforcement lawyers pursued a high-profile case for career gain, not market protection.
- The case originated from a whistleblower later found to have committed fraud, yet the CFTC continued its pursuit.
- Gemini paid a $5 million settlement but maintains no market harm occurred from its Bitcoin futures pricing.
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