Gemini, a leading cryptocurrency exchange, has accused the Commodity Futures Trading Commission (CFTC) of misconduct, labeling its seven-year investigation as groundless and without merit. The New York-based exchange, founded by the Winklevoss twins, has been under the CFTC’s scrutiny over allegations of market manipulation and non-compliance. Gemini strongly refutes these allegations, stating they have been fully compliant with all relevant regulations throughout their operations. The continued dispute adds to the controversies surrounding the regulation of the booming cryptocurrency market. Crypto traders are keenly watching this development, as its outcome could potentially shape the future regulatory landscape of digital currencies.
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