Svmuu reported that crypto journalist Eleanor Terrett posted on X platform, stating that according to private messages publicly disclosed last year by Brian Quintenz, the former CFTC chair candidate nominated by Trump, he previously declined to comment on enforcement actions related to Gemini before being formally confirmed as chair.
Eleanor Terrett said that it now appears current CFTC Chair Caroline Pham has aligned with the Winklevoss brothers, believing the CFTC should never have brought a lawsuit against Gemini from the start.
She further stated that whether the relevant consent order will be vacated will now be decided by a judge in the Southern District of New York. One legal source described such a move as an "extraordinary step."