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Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made more than seven years ago about how easily the price of a bitcoin futures contract could be manipulated. Cameron and Tyler Winklevoss` exchange settled without admitting or denying liability, according to a letter from the CFTC`s attorney, K. Brent Tomer. A trial for the case had been set to start Jan. 21 , but that will no longer proceed. The CFTC sued Gemini in 2022, alleging it had misled the U.S. regulator during in-person meetings that occurred in 2017 . Part of the deal also included an injunction to prevent Gemini from making false or misleading statements to the commission in the future. These types of injunctions are common in settlements or lawsuits by federal securities and commodities regulators. Gemini also faces another case with the Securities and Exchange Commission (SEC). A judge ruled in March that the SEC could sue the exchange for violating securities laws . In the absence of legislation relating specifically to the crypto industry, U.S. regulators have sued a number of crypto exchanges, including Coinbase and Binance , for violating securities laws. Many observers have said pro-crypto comments made by President-elect Donald Trump indicate he will appoint regulators with a less confrontational attitude to the industry and a reduction in so-called regulation by enforcement .
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Source: CoinDesk
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DOGE Price Prediction for January 8
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Trump Rally (TRUMPRAL) Solana Memecoin to Skyrocket 19,000% Ahead of Exchange Listing, While Shiba Inu and Dogecoin Lag
Trump Rally could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Rally (TRUMPRAL), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPRAL is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Rally can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Rally could become the next viral memecoin. Trump Rally launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Rally on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Rally by entering its contract address – 9sawQZwuqdxzgtn2ZhD1eeRit425XtaXfdn57RJY6bcM – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRAL. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. CoinDesk
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SHIB Price Prediction for January 8
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