Gemini Trust Company, owned by Cameron and Tyler Winklevoss, has been awarded a $500 civil penalty to resolve U.S. Commodity Futures Trading Commission charges related to comments made in 2017 regarding Bitcoin futures contracts. They agreed to pay $1,000,000, according to a court filing Monday. .
Gemini also agreed to a permanent injunction, according to a consent order filed in federal court in New York.
In 2017, the CFTC charged Gemini with making false and misleading statements of material fact or failing to submit such facts to the CFTC in connection with Bitcoin futures contracts that Gemini sought to initiate in 2022. The case was filed in 2016.
According to the order, Gemini neither acknowledged nor denied the CFTC's findings. A company spokesperson did not immediately respond to a request for comment.
