The US Commodity Futures Trading Commission is asking a judge to vacate a $5 million penalty against Gemini Trust Company, which is run by Tyler and Cameron Winklevoss.
The Winklevoss twins collectively donated over $1 million to President Donald Trump's super PAC before his inauguration in 2025.
The Trump-era CFTC now argues the investigation, concluded during the Biden administration, relied on a whistleblower account it has concluded was not credible.
AI-generated summary was reviewed by a CNN editor.
The US Commodity Futures Trading Commission is asking a judge to vacate the Biden-era penalty that it imposed last year on a cryptocurrency exchange run by Tyler and Cameron Winklevoss — prominent donors to President Donald Trump’s 2024 campaign.
