Winklevoss Twins Accused of Meddling in CFTC Chair Confirmation
Brian Quintenz, former CFTC commissioner and President Trump's nominee to lead the agency, has publicly accused Gemini founders Tyler and Cameron Winklevoss of attempting to influence his confirmation process. Private messages released by Quintenz reveal the twins pressed for reforms tied to the CFTC's 2022 lawsuit against their exchange.
The texts show Tyler Winklevoss demanding assurances about aligning with Trump's agenda to curb regulatory overreach, even offering to escalate the matter directly to the President. This confrontation underscores the escalating tension between crypto entrepreneurs and financial regulators.
Gemini's ongoing battle with the CFTC includes allegations of misconduct by the agency's enforcement division. The exchange's founders appear to have viewed Quintenz's nomination as leverage point to address their grievances.