Gemini accuses CFTC nominee of using obstructive justice, regulators come under fire
Source: CoinWorld
Time: 2025-09-11 07:32:59
Kara Quintenz's nomination for the U.S. Commodity Futures Trading Commission (CFTC) committee member faces scrutiny as Gemini's co-founder accused her of hindering regulators' response to her compliance efforts during the 2021-2022 period, citing internal communications that showed her collaborative collaboration with industry competitors. The allegations involved delays in cross-border transactions and stablecoin issuance approval, which sparked bipartisan concerns in the Senate ahead of her confirmation hearing to be held in May 2025. Amid calls for increased regulatory transparency, the CFTC is conducting an internal review.