Crypto exchange Gemini’s IPO muddied by Winklevoss feud with Trump nominee for CFTC

Winklevoss twins has always been the most important figure in the encryption industry, first as vocal vehicles for Bitcoin, then as the founders of Gemini, the stock exchange he founded in 2014. More than 3 billion dollars. With the start of trading on Friday, Winklevoss Twins with Quintenz’s nomination can be a distraction.

CFTC Battle

When Trump’s encryption industry gathered during the last presidential campaign, Winklevoss appeared as two of its enthusiastic supporters. After Trump’s victory, they became frequent guests in the events of Crypto, including the summit of the digital assets held at the White House in March.

In July, they used their new pressure to pressure against Quintns, former CFTC Commissioner and Head of A16z Crypto, which benefited from the Trump administration to lead the small but influential organizational agency.

In an interview with Crypto Publication Coindsk, Winklevoss Twins has raised ethical concerns about the role of a queulette board member in the prediction market, KALSHI, which is under CFTC, as well as his views of the Defi police, decentralized financing, or sector. The Senate’s nomination in Quintns, which many spectators believed was anomalous, was suspended.

While Quintns remained silent in the nomination battle, he finally opened fire on Wednesday, the week of public subscription planned in Gemini. In a post on the social media platform X, he shared signal messages between him and the Winklevoss twins from June, where they seem to ask Quintns’s view of their complaint against CFTC enforcement lawyer. (Twinkvoss Twins has accused the “LawFare Cup hunting” of a lawsuit settled on GEMINI to make wrong or misleading data regarding Bitcoin products.)

In his post, Quintenz wrote that the texts “explain” what the Winklevoss twin “was after me and what I refused to promise.”

Gemini spokesman refused to comment.

The General subscription is still this week, although Crypto Exchange reported clear losses of about $ 300 million in the first half of this year. However, with high cryptocurrency such as Bitcoin and Ethereum in price, Winklevoss Twins closely with the Trump administration, they hope to consolidate their roles as leaders in the industry.