The CFTC sued Gemini in 2022, alleging Gemini issued “false and misleading statements” to regulators about its Bitcoin auction pricing mechanism

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In 2022, the CFTC sued Gemini, claiming that the exchange issued “false and misleading statements” regarding its actions to prevent market manipulation in Bitcoin (BTC) prices in 2017. The complaint alleged that the crypto exchange gave deceiving information to the CFTC as it evaluated a possible self-certification for a BTC futures contract.

Gemini’s grievance stems from a 2022 CFTC lawsuit that accused Gemini of making "material false or misleading statements" to regulators in 2017 about whether its Bitcoin auction pricing mechanism was susceptible to manipulation.