[CFTC Chair Seeks to Overturn $5 Million Settlement with Gemini] Odaily Planet Daily News – Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that enforcement actions during the Biden administration were 'politically targeted' at cryptocurrency exchange Gemini's co-founders and mentioned that he is pushing to rectify the handling of related cases. Under Michael Selig's leadership, the CFTC last week requested a federal court to overturn the $5 million settlement the agency reached with Gemini in January 2025. This settlement occurred before the commission was taken over by the Donald Trump administration. Gemini co-founders Tyler Winklevoss and Cameron Winklevoss had each donated $1 million to Donald Trump's 2024 campaign and attended White House events, including the signing ceremony for the stablecoin-related GENIUS Act. (cointelegraph)