They aim to overturn the agreements from January 2025 against Gemini, including a permanent injunction. In June 2022, the CFTC sued the cryptocurrency exchange for misleading information regarding the risks of BTC futures contracts in 2017, after which Gemini paid a $5 million fine. The founders of Gemini, the Winklevoss twins, are major sponsors of Trump's company. They also had influence over appointments in the presidential administration. In particular, they opposed the appointment of Brian Quintenz as head of the CFTC. Additionally, they support Eric Trump's company, American Bitcoin. According to the NYT, former CFTC counsel Bridget Wals moved to Gemini Titan after the enforcement action against the company.