According to a report by Bloomberg, Gemini Trust Co. agreed to pay $5 million to settle allegations by the Commodity Futures Trading Commission (CFTC) that it misled regulators. The CFTC accused Gemini of providing false and misleading statements when applying to launch the first U.S. regulated Bitcoin futures contract, particularly regarding the prevention of Bitcoin price manipulation. This settlement agreement was made public before January 21, avoiding a trial that was scheduled to begin that day.