Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, may have been politically targeted under the Biden administration, according to current Commodity Futures Trading Commission Chairman Michael Selig.

“Politically Targeted”

Speaking on CNBC’s Squawk Box, Selig said the CFTC is attempting to reverse what he described as a flawed enforcement action against Gemini.

The comments mark one of the strongest criticisms yet from a Trump-era regulator against prior U.S. crypto enforcement actions.

“The Biden administration weaponized the federal agencies against the crypto industry,” Selig said. “They politically targeted people like the Winklevoss twins, and that’s not acceptable.”

Benzinga