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Gemini vs. CFTC: New York Court Reschedules Civil Case to January 2025
A recent court ruling has seen the civil case between cryptocurrency exchange, Gemini Trust, and the United States Commodity Futures Trading Commission (CFTC) rescheduled for January 2025.
The New York court made this decision after previously adjourned hearings. It is essential to note that no further adjournments will be granted until the case hearing dates, according to the ruling.
Gemini Trust is accused by the CFTC of issuing misleading material facts in connection with its Bitcoin futures product. The commission has sought to compel Gemini Trust to give up the gains in addition to civil monetary penalties.
This development comes amidst a slew of controversies surrounding Gemini crypto exchange. In recent times, the company has been at the center of several disputes, fueled by the bear market that hit the cryptocurrency space in 2022.
Source: coinpedia.org
