Michael Selig, the Chairman of the Commodity Futures Trading Commission (CFTC), has accused the Biden administration of politically targeting the Gemini cryptocurrency exchange, founded by Cameron and Tyler Winklevoss. During an appearance on CNBC's Squawk Box, Selig criticized the enforcement actions against Gemini, calling them flawed and suggesting that federal agencies were weaponized against the crypto industry. He stated, "They politically targeted people like the Winklevoss twins, and that's not acceptable." This statement follows the CFTC's recent request for a federal judge in New York to vacate a January 2025 order against Gemini, which imposed a $5 million penalty and an injunction due to alleged false statements made to regulators. Selig's comments could signal a shift in federal policy regarding crypto oversight, moving away from regulation-by-enforcement strategies. He emphasized the need to correct past wrongs, stating, "We're going to start fresh." This situation underscores how crypto regulation has become deeply entangled with U.S. political dynamics, particularly as major industry players have aligned with pro-crypto political candidates.