UPDATE: Our report has been updated with the CFTC's statement and a full copy of the Gemini court complaint.
In a statement Thursday, the CFTC said it sued Gemini for"making false or misleading statements of material facts or omitting to state material facts to the CFTC in connection with the self-certification of a bitcoin futures product.
Cboe's cash-settled bitcoin futures utilized price data from Gemini's exchange when they launched in December 2017, as the firmsWhen reached for comment, a Gemini spokesperson told The Block:"Gemini has been a pioneer and proponent of thoughtful regulation since day one. We have an eight year track-record of asking for permission, not forgiveness, and always doing the right thing. We look forward to definitively proving this in court.
A copy of the complaint was not immediately available at press time. The CFTC and Cboe did not immediately respond to requests for comment.Updated with CFTC statement and court complaint. Updated with comment from Gemini.
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