CFTC SEEKS TO REVERSE PENALTY AGAINST WINKLEVOSS CRYPTO EXCHANGE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
The Commodity Futures Trading Commission is moving to reverse a penalty it previously imposed on Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss. The reversal comes despite Gemini having already paid a $5 million fine following the agency's lawsuit.
■ MORE FROM THE CRYPTO DESK
Treasury Secretary Scott Bessent's strategy to position stablecoin companies as major buyers of US government debt faces headwinds as the sector contracts. The retreat complicates hopes for new sources of Treasury funding.
AMC Entertainment CEO Adam Aron criticized Robinhood Markets for launching a tokenized version of AMC stock, calling it a "quasi-fake market." The move reignites tensions over synthetic equities as Wall Street advances toward 24/7 trading.
State-owned power financier REC Ltd. is issuing India's first tokenized bond, seeking investor bids for up to 5 billion rupees ($53 million). The move aims to increase liquidity in the country's debt market.
Hyperliquid is in advanced negotiations to launch perpetual futures trading for US customers through Payward, the parent company of crypto exchange Kraken. The move comes weeks after President Trump signaled his administration's support for bringing the platform stateside.