Gemini accuses CFTC enforcers of ‘trophy-hunting lawfare’ in 2022
Gemini has accused the CFTC’s enforcement division of using a false whistleblower report to form its 2022 lawsuit against the crypto exchange.
Gemini Trust claims it was a “selfish desire” by the Commodity Futures Trading Commission’s litigators to advance their careers that allowed “dubious” charges to be brought against the crypto exchange in 2022.
In a letter on Friday to CFTC Inspector General Christopher Skinner, Gemini alleged the agency’s Division of Enforcement lawyers relied on a dodgy whistleblower report to sue the company.
“DOE Staff selectively and unfairly weaponized the Commodity Exchange Act [….] to bring dubious false statements charges against Gemini,” lawyers for the exchange claimed.
