“The false or misleading statements and information conveyed or omitted to Commission staff by Gemini directly and through others were material to evaluation of the Bitcoin Futures Contract, including compliance with core principles of the Commodity Exchange Act,” the suit said. “Such statements and information were relevant to, among other things, assessing the size of, liquidity on, and number of market participants using the Gemini Exchange and the Gemini Bitcoin Auction.”
Source: https://www.coindesk.com/business/2022/06/02/cftc-sues-gemini-over-bitcoin-futures-case-from-2017/?utm_medium=referral&utm_source=rss&utm_campaign=headlines