The Commodity Futures Trading Commission on Thursday sued the crypto company owned by the billionaire Winklevoss brothers, saying it misled regulators as part of attempting to gain approval for bitcoin futures in 2017.
Gemini Trust Company provided bitcoin pricing to Cboe Global Markets Inc., which launched a bitcoin futures product in December 2017. An auction conducted by Gemini determined how a bitcoin contract would settle on its final day before expiration, ensuring a tight link between futures. And the market for bitcoin itself.