- The CFTC filed a lawsuit against Gemini in June 2022
- The trial is being rescheduled for Jan. 21
- It will be right after Donald Trump’s inauguration
The CFTC’s lawsuit against Gemini, previously scheduled for January 12, has been postponed to January 21, right after Donald Trump’s inauguration.
More About CFTC Lawsuit Against Gemini
The CFTC filed suit against Gemini in June 2022, accusing the company of providing misleading information regarding its 2017 attempt to launch Bitcoin futures and seeking disgorgement of profits, financial penalties, and further restrictions against future violations.
The trial scheduled for January 12 has been rescheduled for January 21, and additional delays are expected. However, it is noteworthy that it will be right after Donald Trump’s inauguration when he will be able to fully fulfill his duties as President-elect of the United States.
This could be very important not only in the new administration’s end-text of pro-crypto initiatives but also in potential scenarios on the transfer of primary authority on cryptocurrency regulation from the SEC to the CFTC.
Conclusions
Typically, the SEC’s cases against the crypto industry are louder and more frequent than the CFTC’s. However, Gemini is far from the last player and the outcome of this lawsuit is important to watch, especially in the context of the new pro-crypto US policy.
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