Brian Quintenz, US President Donald Trump’s CFTC chair nominee, released texts from Gemini co-founders Cameron and Tyler Winklevoss, showing their attempts to interfere with his nomination due to concerns about agency practices. Winklevoss accused the CFTC of unfair treatment in a civil case settlement with a $5 million fine in January.
Quintenz refused to provide assurances to the Winklevoss brothers regarding CFTC practices they called “lawfare trophy hunting,” leading to a pause in his confirmation process. The Gemini co-founders reportedly contacted the White House to ask Trump to reconsider Quintenz’s nomination, delaying Senate questioning until after the recess.
The release of the texts comes just before Gemini’s IPO, aiming for a $3 billion valuation. The impact of this information on investors remains uncertain. Cointelegraph reached out to Gemini for comment, but no response was received at the time of publication.
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