Possible CFTC chair Brian Quintenz has made a text chain on X public with the Winklevoss brothers prior to Gemini’s IPO in which the founders pressed Quintenz about the CFTC’s actions against the company over the last 7 years.
“I’ve never been inclined to release private messages. But in light of my support for the President and belief that he might have been misled, I’ve posted here the messages that include the questions Tyler Winklevoss asked me pertaining to their prior litigation with the CFTC,” said Quintenz on X.
The thread of messages in which the Winklevoss brothers argued with Quintenz appears to have stemmed from a complaint raised by the Winklevoss brothers earlier in June, in which they claimed they were unfairly scapegoated by a team of lawyers in the U.S. Division of Enforcement.
“Last week, @Gemini lodged a complaint with the Inspector General of the @CFTC regarding the conduct of 9 lawyers in the Division of Enforcement. For 7 years, these lawyers misused their offices and millions of taxpayer dollars to engage in trophy-hunting lawfare against Gemini to advance their careers,” said Tyler Winklevoss on X.
In the texts, Brian Quintenz expressed sympathy but also emphasized the need for a confirmed CFTC chair to make a decision on the matter, saying that he would address the issue properly if he was confirmed.
Gemini is preparing for its IPO, pricing shares between $24 and $26, targeting a valuation of $3 billion, after upping its price range from $17 to $19 as reported earlier by Coinheadlines. If the crypto firm’s debut is successful, it will be joining a trend of digital asset firms going public under a relatively friendly pro-crypto Trump administration.
