Gemini’s complaint against the CFTC’s Enforcement Division centers on allegations that it waged a seven-year lawfare campaign driven by personal ambition and fueled by revenge stemming from Gemini’s former operating chief Benjamin Small’s false whistleblower claims.

Claim

Quotes that support claims

Gemini claimed that the DOE’s investigation and lawsuit relied on a false whistleblower report filed in 2017 by the exchange’s former operating chief, Benjamin Small, who allegedly undertook a “malicious campaign” against the exchange after it fired him.
The company alleges the entire investigation stemmed from a "lie-riddled whistleblower submission by a discredited former employee" seeking revenge after being fired.
Gemini has accused the Commodity Futures Trading Commission (CFTC) staff of waging a “trophy-hunting lawfare” campaign based on “fabricated” statements and unfairly weaponizing the Commodity Exchange Act (CEA) against the crypto exchange for over seven years.