NEW YORK (Reuters) – Gemini Belief Firm has agreed to pay a $5 million civil penalty to settle fees by the U.S. Commodity Futures Buying and selling Fee associated to statements it made in reference to its bitcoin futures contract in 2017, it confirmed on Monday courtroom file.
Gemini additionally agreed to a everlasting injunction, in response to a consent order filed in New York federal courtroom.
The CFTC sued Gemini in 2022 for making false and deceptive statements of fabric info or omitting such info to the CFTC in 2017 in reference to a bitcoin futures contract it was making an attempt to launch.
Based on the order, Gemini neither admitted nor denied the CFTC's findings. An organization spokesman didn’t instantly reply to a request for remark.
