Tyler Winklevoss Praises Trump for Ending Biden-Era Crackdown After Gemini Wins DCM License
Gemini co-founder Tyler Winklevoss publicly thanked former President Donald Trump after Gemini received a designated contract market (DCM) license from the Commodity Futures Trading Commission (CFTC). The license clears a major regulatory hurdle for Gemini, allowing the exchange to list and offer regulated derivatives products in the U.S. Winklevoss framed the decision as a reversal of what he described as the Biden administration’s “war on crypto,” crediting Trump’s regulatory stance for the change. The CFTC’s approval provides Gemini greater legal certainty and could accelerate product launches and institutional engagement. Market participants may view the license as a sign of improving regulatory clarity in U.S. crypto markets, potentially boosting confidence among institutional traders and derivatives desks. Key figures: Tyler Winklevoss (Gemini co-founder); Donald Trump (credited by Winklevoss). Primary developments: Gemini obtains DCM license from the CFTC; public political commentary linking the approval to a shift in federal policy. Implications: cleared regulatory pathway for U.S. crypto derivatives on Gemini, potential for increased institutional activity and product expansion.
Bullish
The DCM license for Gemini reduces regulatory uncertainty for a major U.S. crypto exchange and directly enables regulated derivatives trading—an attractive product for institutional desks and professional traders. Historically, regulatory approvals (for example, approval of Bitcoin futures ETFs or other licensed trading venues) have correlated with increased institutional inflows and higher derivatives volume, which tend to support wider market liquidity and positive sentiment. In the short term, expect stronger trading activity around Gemini’s derivatives launches and potential price support as institutional participants re-enter or expand exposure. In the medium to long term, improved regulatory clarity in the U.S. can encourage product innovation, competitive pressure among exchanges, and broader institutional adoption—tailwinds for crypto markets. Risks remain: political framing and policy shifts could reverse momentum, and actual product rollout timelines and liquidity conditions will determine magnitude of impact.