President Donald Trump is reportedly preparing to nominate Michael Selig, the Securities and Exchange Commission’s crypto task force chief counsel, as the next chair of the Commodity Futures Trading Commission. This strategic move signals a major shift in the administration’s approach to digital asset oversight and represents a significant political victory for cryptocurrency advocates, particularly Gemini founders Tyler and Cameron Winklevoss. The nomination follows the White House’s withdrawal of Brian Quintenz’s earlier nomination after intensive lobbying efforts by industry stakeholders.
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CryptoNews Article 
October 25, 2025 | 11:33
October 25, 2025 | 11:33
CryptoNews Article October 25, 2025 | 01:39
October 25, 2025 | 01:39
Winklevoss
2 posts last week
Trump Taps SEC Crypto Chief for CFTC, Backed by Winklevoss
President Donald Trump has nominated Michael Selig, the SEC’s Crypto Task Force Chief Counsel, to lead the Commodity Futures Trading Commission, signaling unprecedented coordination between financial regulators on pro-crypto policies. The selection represents a major political victory for crypto billionaires Tyler and Cameron Winklevoss, who successfully lobbied against the previous nominee. Selig’s appointment comes at a critical juncture for the severely understaffed CFTC as it faces massive new responsibilities in regulating both cryptocurrency and emerging prediction markets.
read moreCrypto Giants Attend Trump White House Fundraising Dinner
Major cryptocurrency industry leaders attended a high-profile fundraising dinner at the White House hosted by President Donald Trump, signaling the digital asset sector’s growing political engagement. The event aimed to secure donations for a proposed $250 million ballroom expansion project that would add approximately 90,000 square feet to the presidential residence, with representatives from Gemini, Coinbase, and Ripple among the notable attendees.
read moreWinklevoss-Backed Crypto Firm Expands Bitcoin Holdings in Brazil
Brazilian cryptocurrency firm OranjeBTC is embarking on an ambitious expansion strategy after going public on Brazil’s stock exchange, positioning itself as a significant player in the country’s growing digital asset ecosystem. Backed by high-profile investors including Bitcoin pioneer Adam Back and billionaire twins Tyler and Cameron Winklevoss, the company plans to significantly grow its Bitcoin reserves while launching comprehensive educational initiatives to drive cryptocurrency adoption across Latin America’s largest economy.
read moreWhite House Withdraws Brian Quintenz CFTC Chair Nomination
The White House has withdrawn Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission, creating a leadership vacuum at a critical financial regulator. The unexpected move follows reported pressure from prominent cryptocurrency figures and comes amid ongoing government instability, leaving the CFTC without permanent leadership during a period of significant market uncertainty.
read moreBitcoin Bull Run & Hyper’s $16M Presale Fuel Crypto Optimism
Bitcoin’s profitability has surged to historic highs, with over 92% of its supply in profit—a traditional precursor to major bull runs. Combined with Japan’s decisive move to slash Bitcoin taxes from 55% to 20% by 2026 and growing institutional accumulation, the stage is set for a potentially explosive period in crypto markets. Meanwhile, Bitcoin Hyper ($HYPER) is capturing investor attention with a $16 million presale, aiming to resolve Bitcoin’s scalability limitations and position itself as a leading altcoin innovation for 2025 and beyond.
read moreGemini IPO Raises $425M, Paramount Eyes Warner Bid
Gemini Space Station, the cryptocurrency company founded by billionaires Cameron and Tyler Winklevoss, has raised $425 million in its initial public offering. The firm priced its shares at $32 each, above the initially marketed range, while also reducing the total number of shares offered. In other news, Paramount is considering a bid for Warner Brothers, which may trigger a competitive bidding process among media giants. Additionally, David Lafitte, CEO of cowboy boot manufacturer Tecovas, is set to appear on ‘Bloomberg Open Interest’ to discuss the brand’s new store opening in Manhattan, highlighting its retail expansion strategy.
read moreWinklevoss Twins Predict $1M Bitcoin as Gemini Goes Public
During Gemini’s Nasdaq debut, the Winklevoss twins expressed strong bullish sentiment toward Bitcoin, predicting it will reach $1 million per coin as it disrupts gold’s market. Tyler Winklevoss emphasized that Bitcoin remains ‘really early’ in its adoption curve, comparing the current stage to ‘the bottom of the first inning.’ Gemini’s IPO priced at $28 per share and opened at $37.01, giving the exchange a $4.4 billion valuation. The twins also clarified their view that Bitcoin will primarily function as a store of value rather than a transactional currency, contrasting with other prominent figures in the space. Their prediction joins other recent bullish forecasts from industry leaders including Tom Lee and Arthur Hayes.
read moreGemini IPO Priced at $28, Beats Forecasts on Nasdaq
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has priced its initial public offering at $28 per share, well above its original $17–$19 range. Trading on the Nasdaq under the ticker ‘GEMI,’ the IPO is one of the most anticipated in crypto this year, driven by strong investor demand. However, the debut is shadowed by regulatory issues, including a settled CFTC lawsuit, and significant financial losses—$158.5 million in 2024 and $282.5 million in the first half of 2025. The Winklevoss brothers’ political connections, including support for Donald Trump and private communications with a CFTC nominee, add further complexity. Despite reliance on trading fees for 70% of its $142.2 million revenue, Gemini projects confidence in its innovation and industry leadership.
read moreGemini IPO: $3B Crypto Exchange Goes Public Friday
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is launching its IPO on Friday with 16.67 million shares priced between $24-26, potentially raising approximately $433 million. Despite increasing its price range from an initial $17-19, the offering is reportedly oversubscribed by 20 times, reflecting strong investor interest. The IPO comes amid a wave of successful crypto public offerings, including Circle, Bullish, and Figure, which have seen significant first-day pops. Gemini generated $142.2 million in revenue last year but reported a net loss of $158.5 million, with losses widening to $282.5 million in the first half of 2024. The company plans to use IPO proceeds to expand its product suite, grow internationally, and enhance derivative offerings while competing with established players like Coinbase and Binance.
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