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 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.
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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