Story perspectives

CFTC Seeks to Void Gemini Fine; Winklevosses Back Trump PAC

5/28/2026

Summary

Story summary

The U.S. Commodity Futures Trading Commission (CFTC) asked a judge to vacate the January 2025 consent order that fined Gemini $5 million.
Gemini paid the $5 million penalty, with the CFTC stating the funds will not be returned.
CFTC chair Michael Selig, appointed by President Donald Trump, leads the request, indicating a permissive crypto stance.
Tyler and Cameron Winklevoss gave over $1 million to the MAGA Inc. super PAC supporting President Donald Trump.

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Story summary

The U.S. Commodity Futures Trading Commission (CFTC) asked a judge to vacate the January 2025 consent order that fined Gemini $5 million.
Gemini paid the $5 million penalty, with the CFTC stating the funds will not be returned.
CFTC chair Michael Selig, appointed by President Donald Trump, leads the request, indicating a permissive crypto stance.
Tyler and Cameron Winklevoss gave over $1 million to the MAGA Inc. super PAC supporting President Donald Trump.