The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit on Thursday against Gemini Trust Company LLC, alleging that Gemini misled federal regulators during the launch of a BTC -2.04%-news/">Bitcoin futures contract in partnership with Cboe in 2017.
In the 28-page civil lawsuit, the CFTC alleges that Gemini “made false and misleading representations” with Commission staff between July 2017 and December 2017 about Gemini Exchange’s operations and trading order prices.
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Alleging that Gemini violated the Commodity Exchange Act and various regulations, the lawsuit did not specify whether it was directly related to Gemini’s launch of Bitcoin futures contracts.
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