According to private texts between Trump’s former CFTC chair pick
@BrianQuintenz and
@tyler released by Quintenz last year, this was the enforcement action Quintenz refused to take a position on until he was fully confirmed as Chair.
Looks like
@ChairmanSelig has sided with the Winklevoss twins in concluding the
@CFTC should not have brought the
@Gemini case to begin with.
The decision now rests with a judge in the Southern District of New York, who must decide whether sufficient grounds exist to vacate the consent order, a move one legal source characterized to me as “an extraordinary step.”