Gemini vs. CFTC: the legal battle over Bitcoin pricing

Description

Gemini's legal battle with CFTC over Bitcoin pricing mechanisms is examined alongside the exchange's strategic IPO plans and European expansion through Malta licensing.

Publish date

June 18, 2025

Publisher

The Cryptonomist

Web URL

https://en.cryptonomist.ch/2025/06/18/gemini-vs-cftc-the-legal-battle-over-bitcoin-pricing

Referenced by

Gemini, the well-known crypto exchange founded by the brothers Cameron and Tyler Winklevoss, has initiated a decade-long legal battle against the Commodity Futures Trading Commission (CFTC), accusing it of unfair and improper use of federal laws. The controversy concerns the alleged price determination mechanism of Bitcoin auctions and raises important questions about the regulation of digital financial assets.

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Simultaneously with the complaint, Gemini announced its intention to become a public company. It has indeed filed an application for an initial public offering (IPO) with the American Securities and Exchange Commission (SEC). This move not only opens up new opportunities for growth and capitalization but also strengthens Gemini’s position with regulators.

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Furthermore, Gemini is working to obtain an operational license in Malta, a jurisdiction increasingly appreciated by crypto companies for its favorable regulation. This license would allow Gemini to expand its business throughout the European Union, consolidating its presence in the global market of digital financial assets.

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