Watchdog Agency Seeks to Reverse Its Win Against Firm Run by Winklevoss Twins
Crypto
The CFTC is jointly seeking with Gemini (Winklevoss-run firm) to reverse a prior enforcement settlement, a signal of a broader regulatory pivot toward crypto friendliness under the new administration. This softening of the CFTC posture reduces tail-risk for centralized crypto exchanges like Coinbase, reinforcing a sector re-rating already underway.
0 reads·1 theses
Angle
↑ LONG+8% target-6% stop2-3 weeks tactical
COIN long on regulatory tailwind — CFTC capitulation removes overhang, but insiders dumping 10 sales/0 buys in 30 days and no consensus price target caps the upside case.