Brief

The Commodity Futures Trading Commission (CFTC) has requested a judge to overturn a $5 million penalty against Gemini, the cryptocurrency exchange founded by the Winklevoss twins. This move follows Gemini's payment of the fine in January 2025, which was levied due to alleged false or misleading statements about its bitcoin operations. The CFTC's request, filed jointly with Gemini, carries symbolic weight as the penalties will not be returned, but it signals a potential shift in regulatory approach under the new administration. AI

The US Commodity Futures Trading Commission (CFTC) has requested a judge to dismiss a $5 million fine against Gemini Trust Company, founded by the Winklevoss twins. The CFTC stated that Gemini should not have been accused of misrepresentation in its Bitcoin futures business. Separately, NIO launched its ES9 electric vehicle with three versions, starting at 498,000 yuan, and Xiaomi has announced a 99% price reduction for its offerings, directly competing with DeepSeek. AI