Prospective CFTC chair releases private texts with Winklevoss twins
Brian Quintenz, the nominee for chair of the US Commodity Futures Trading Commission (CFTC), has shared text exchanges with Gemini co-founders Cameron and Tyler Winklevoss. These texts, released shortly before Quintenz's confirmation hearings, reveal that the Winklevoss twins sought assurances regarding enforcement actions by the CFTC, which Quintenz declined to offer. He raised concerns that the twins may have attempted to mislead President Trump about his nomination, indicating that after their exchange, the twins reached out to the President to delay his confirmation for reasons not reflected in the texts. This development is notable as it comes just days before Gemini's IPO, which aims for a valuation of $3 billion. The impact of this situation on potential investors remains uncertain as both parties continue their dealings with regulatory authorities.
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