CFTC Chairman: Biden Administration Law Enforcement Politically Targeting Gemini

According to Coingraph, Michael Selig, the Chairman of the Commodity Futures Trading Commission (CFTC), stated that the enforcement actions during the Biden administration were "politically targeted" at the co-founder of the cryptocurrency exchange Gemini, and that efforts are being made to correct the handling of related cases. Last week, the CFTC requested the federal court to revoke the $5 million settlement reached with Gemini in January 2025. Gemini co founders Tyler Winklevoss and Cameron Winklevoss donated $1 million each to Trump's 2024 campaign and attended White House events.