{"id":292,"date":"2026-06-02T21:48:10","date_gmt":"2026-06-02T21:48:10","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=292"},"modified":"2026-06-02T21:48:10","modified_gmt":"2026-06-02T21:48:10","slug":"winklevoss-twins-were-politically-targeted-cftc-chief-says-clashing-with-ex-nominee-trump-yanked","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=292","title":{"rendered":"Winklevoss Twins Were \u2018Politically Targeted,\u2019 CFTC Chief Says\u2014Clashing With Ex-Nominee Trump Yanked"},"content":{"rendered":"
\n

Crucial Quote<\/h2>\n

\u201cCultural reform (in the CFTC), which includes rectifying what happened to us, should be the highest priority. I\u2019d like to understand your thoughts on this and how you plan to align with President Trump and the administration\u2019s mandate to end the lawfare and make amends for it,\u201d Tyler Winklevoss had sent Brian Quintenz, according to screenshots shared by Quintenz in an X post on Sept. 10. \u201cI believe these texts make it clear what they were after from me, and what I refused to promise. It\u2019s my understanding that after this exchange they contacted the President and asked that my confirmation be paused for reasons other than what is reflected in these texts,\u201d Quintenz wrote in the X post where he shared the screenshots. <\/p>\n

Read more Trump\u2019s Pulte Pick For Intelligence Chief Blasted Far And Wide\u2014Top Senate Republican Says \u2018We Need Professionals\u2019<\/a><\/p>\n

Key Background<\/h2>\n

The CFTC’s rescue arrives at a precarious moment for the exchange it once pursued. Gemini Space Station went public in September 2025, but the stock has since collapsed roughly 84% from its debut, bottoming at an all-time low of $3.91 in March against a $28 price at its initial public offering. The financials underneath that slide are stark, as net losses widened to $585 million in 2025 from $158 million the year prior, even as revenue rose 26% to $179 million. In February, the company cut nearly 30% of its workforce, exited its Europe and Australia operations, and lost its chief operating, financial and legal officers in quick succession\u2014then absorbed a shareholder class action accusing it of misleading investors in its IPO marketing about both its growth prospects and an “abrupt corporate pivot” to prediction markets that followed. The twins have recast Gemini from a crypto exchange to “a markets company,” staking its future on prediction markets\u2014the same category Trump\u2019s CFTC has moved aggressively to protect. President Donald Trump’s first choice to run the CFTC was Quintenz, but he withdrew the nomination in late September 2025 without stating a reason, after months of Senate delay and opposition to Quintenz\u2019s nomination for reasons including that his board seat on prediction market Kalshi, which the CFTC regulates, presented a conflict of interest.<\/p>\n

Forbes Valuation<\/h2>\n

The Winklevoss twins, Cameron and Tyler, first entered public view as Olympic rowers and as the Harvard classmates who accused Mark Zuckerberg of stealing their idea for Facebook. The dispute was settled in 2008 with the twins receiving $65 million in cash and stock. In 2013, they spent roughly $11 million of the settlement money on bitcoin, and they have famously never sold. That early, stubbornly held wager\u2014not their businesses\u2014is the bedrock of their wealth, which Forbes estimates is around $2.5 billion each. In 2014, they parlayed their crypto credibility into crypto exchange Gemini, though the company has fallen behind in market share and profitability. <\/p>\n

Read more Trump Says He\u2019ll Speak At Rescheduled White House Correspondents\u2019 Dinner After Shooting Incident<\/a><\/p>\n

<\/div>\n

Tangent <\/h2>\n

The optics did not end with the personnel switch. Tyler Winklevoss now sits on the CFTC’s Innovation Advisory Committee, appointed by Selig in January 2026. The twins were also among the larger individual crypto donors to Trump’s 2024 campaign, and a New York Times investigation in May reported that CFTC career officials who raised concerns about crypto businesses tied to the Trump family, including a Gemini-affiliated prediction market, were pushed out. The White House has denied any conflict of interest.<\/p>\n

Read more Top Republicans Say Trump\u2019s $1.8 Billion Fund Is \u2018Off The Table\u2019\u2014As Confusion Swirls<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Last September, Brian Quintenz said the Winklevoss twins lobbied to kill his CFTC confirmation.<\/p>\n","protected":false},"author":1,"featured_media":291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nWinklevoss Twins Were \u2018Politically Targeted,\u2019 CFTC Chief Says\u2014Clashing With Ex-Nominee Trump Yanked - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=292\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winklevoss Twins Were \u2018Politically Targeted,\u2019 CFTC Chief Says\u2014Clashing With Ex-Nominee Trump Yanked - 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