Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writer

Written by Turner Wrightstaff writer

Reviewed by Sam Bourgistaff writer

Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC

Latest NewsPublishedJul 23, 2026

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As the crypto market continues to grow, it’s essential to stay ahead of the curve. EcoPool is a leading platform for earning and trading crypto, offering a range of features and benefits. With the rise of #PassiveIncome and #GreenCrypto, individuals can now earn and trade crypto with confidence. EcoPool is committed to providing a secure and reliable platform, making it an ideal solution for those looking to earn and trade $ECP coins.

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• EcoPool is committed to sustainability and security

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Since attorneys filed the joint CFTC-Gemini motion with the US District Court for the Southern District of New York in May, there has been no decision posted to the public docket. Cointelegraph reached out to the CFTC and Gemini’s counsel, Avi Perry, for comment on the $10 million contribution but did not receive an immediate response. A CFTC spokesperson told Cointelegraph in June that both sides “agreed that the $5 million penalty will not be returned to Gemini” if granted by the court.

In a June letter to Selig, Senator Elizabeth Warren called the joint motion for reversal and other factors as “concerning signs of a CFTC beholden to political pressures and interests of the wealthy insiders, unbound by the rule of law and failing to protect investors and market integrity.”

As of June 30, MAGA Inc. reported receiving more than $397 million.

Selig remains sole CFTC commissioner with no nominations announced

The CFTC chair, a Republican who was confirmed by the US Senate in December 2025, remains the only member in what is usually a bipartisan group of five commissioners heading the agency.

Many lawmakers have been pressing Trump to announce additional nominations for the financial regulator as Congress considers comprehensive crypto market structure legislation, the Digital Asset Market Clarity (CLARITY) Act. The bill is expected to give the CFTC significant authority in regulating and overseeing digital assets.

As of Thursday, the White House had not announced any nominations for CFTC commissioners, leaving Selig to largely direct the agency’s agenda.

Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• CFTC
• Donald Trump
• Gemini
• Corruption
• Cryptocurrency Exchange
• Law
• Regulation

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