CNBCJun 2, 2026, 2:09 PM

Commodities regulator alleges Winklevoss' Gemini crypto exchange was politically targeted

The CFTC chair said the agency is reversing a $5 million penalty and injunction against the Winklevoss brothers' Gemini exchange, characterizing the Biden-era enforcement action as political targeting of the crypto industry.

Photograph: CNBC
$5M2025-012017
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