"Crypto exchange Gemini under fire from regulators in 2025 - Is it a secure investment or a perilous move?"
Gemini Trust Co. Navigates Legal Challenges and Expands Operations
Gemini Trust Co., a leading cryptocurrency exchange founded by the Winklevoss twins in 2014, has been making headlines recently due to a series of developments.
The exchange found itself embroiled in a legal dispute with the Commodity Futures Trading Commission (CFTC) in early 2025. The disagreement stemmed from regulatory issues surrounding Gemini's cryptocurrency lending program and registration requirements. The ongoing legal proceedings, with status reports due as of September 2025, have been a topic of interest for the industry.
In addition to the CFTC lawsuit, the Winklevoss twins were also involved in allegations regarding an attempt to delay a CFTC nominee's appointment through influence at the White House.
Despite these challenges, Gemini has not shied away from standing up for its beliefs. In June 2025, the exchange filed a complaint against the CFTC, accusing them of a seven-year "lawfare" campaign driven by a false whistleblower report and career-driven motives.
Despite the legal battles, Gemini continues to thrive. As of June 2025, its market value is part of a $3.3 trillion crypto market. The exchange secured a BitLicense from New York's Department of Financial Services (NYDFS) in 2015, demonstrating its commitment to regulatory compliance.
Gemini's compliance-driven approach also includes rigorous Know Your Customer (KYC) and anti-money laundering (AML) protocols. This focus on security has paid off, with Gemini holding SOC 2 Type 2 cybersecurity certification.
In a bid to expand its operations, Gemini is nearing a Malta license under the EU's MiCA framework. This would enable pan-European operations for the exchange.
However, Gemini has faced setbacks as well. In November 2022, the exchange's Earn program, launched with Genesis Global Capital, halted withdrawals due to a freeze in customer funds.
Despite these challenges, Gemini has shown resilience. By June 2024, the exchange had completed distributions, returning $2.18 billion to users.
As the cryptocurrency landscape continues to evolve, Gemini Trust Co. remains a key player, navigating legal challenges and expanding its operations.
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