Winklevoss Twins fly to Alabama the week CFTC rescinds Gemini penalty

Winklevoss Twins flew from Dothan Regional Airport to a point near Birmingham, Alabama on June 10, a 41-minute hop in their Gulfstream G500. The trip follows a pattern of brief, closely-timed movements between smaller Southeastern fields, with N533WE making multiple stops near White Sulphur Springs, West Virginia, earlier in June.

The same week, the Commodity Futures Trading Commission asked a federal judge to vacate the $5 million penalty Gemini paid in January 2025, with CFTC Chairman Michael Selig telling CNBC the Biden administration “politically targeted people like the Winklevoss twins.” The regulator now says it relied on a discredited whistleblower and that Gemini was the victim of fraud by its own former COO. The twins, who each donated $1 million in bitcoin to President Donald Trump’s 2024 campaign, have seen Gemini Space Station’s stock collapse roughly 84% since its September 2025 IPO, per [thenyledger.com](https://thenyledger.com/business/cftc-says-billionaire-winklevoss-twins-were-political-targets/).

The twins maintain homes in Teterboro and Los Angeles, and their aircraft often works the transcontinental corridor. This Alabama visit — near a state where Gemini does not have a disclosed office — may relate to the prediction-market pivot that Trump’s CFTC has moved to protect.