On Thursday, the Commodity Futures Trading Commission filed suit against Gemini Trust Company, a cryptocurrency business founded by Tyler and Cameron Winklevoss.
The complaint puts particular focus on Gemini’s Bitcoin Futures Contract, one of the first financial instruments allowing investors to trade on expectations of a cryptocurrency’s future value.
The CFTC claims to have found several instances of this kind of manipulation.
Gemini is disputing the claims and plans to contest the charges in court.
The CFTC holds particular jurisdiction over futures contracts, but it has also brought charges in a number of cryptocurrency fraud cases with no connection to futures markets.