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Winklevoss Twins’ Gemini to Pay $5 Million Fine to End CFTC Case

The Winklevoss twins’ Gemini Trust Co. agreed to pay $5 million to end a Commodity Futures Trading Commission claim that it misled the derivatives regulator in a bid to launch the first US-regulated Bitcoin futures contract.The proposed deal was disclosed Monday in a joint court filing by both parties, avoiding a trial set to begin Jan. 21, the day after Donald Trump will be inaugurated for his second term as US president. Gemini settled without admitting or denying liability in the case....

Read more at bloomberg.com

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