A New York judge has delayed the start of a trial between the U.S. Commodity Futures Trading Commission (CFTC) and Gemini Trust Company from January 13 to January 21. This civil case, initially filed in June 2022, involves allegations against Gemini for providing false or misleading statements regarding its 2017 bid to offer Bitcoin futures contracts. The judge, Alvin Hellerstein, did not specify reasons for the six-day delay, with implications that the trial will occur under a new presidential administration following Donald Trump’s inauguration on January 20. Additionally, shifts in the CFTC's leadership could impact its stance on cryptocurrencies and regulatory measures affecting Gemini and similar firms. The CFTC is pursuing disgorgement, civil penalties, and injunctions related to the alleged violations of the Commodity Exchange Act. This inquiry is part of broader enforcement actions that the CFTC has undertaken against various cryptocurrency firms, including notable names like FTX and Binance.

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