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CFTC Chair Claims Gemini Case was Politically Motivated, Seeks to Reverse $5M Settlement

CS
Cointelegraph Staff
(05:39 PM UTC)
1 min read
EW
Reviewed byEmily Watson

US Commodity Futures Trading Commission (CFTC) Chair Michael Selig is claiming that the agency under former President Joe Biden “politically targeted” the co-founders of cryptocurrency exchange Gemini through enforcement actions.

In a Tuesday CNBC interview, Selig said under his leadership, the CFTC was “trying to get back to a baseline” on enforcement, after what he claimed was politicization by…

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