Winklevoss Twins land in Westhampton Beach the week CFTC voids their $5M penalty

Winklevoss Twins flew from Birmingham, Alabama, to Francis S Gabreski Airport in Westhampton Beach, New York, on June 10, aboard their Gulfstream G500, tail number N533WE. The 1-hour-57-minute hop from Alabama to the eastern end of Long Island came at a moment of legal triumph: the same week the U.S. Commodity Futures Trading Commission filed a joint motion to withdraw the $5 million penalty it imposed on the twins’ Gemini Trust Company in January 2025, as reported by CNBC and Reuters.

Per court filings cited by multiple outlets, CFTC Chair Michael Selig told CNBC the Biden administration had “weaponized the federal agencies” against the crypto industry and “politically targeted people like the Winklevoss twins.” The regulator now says the case, built on an allegedly non-credible whistleblower account, should never have been filed. The Winklevoss Twins — early Bitcoin holders and Harvard classmates of Mark Zuckerberg — have long maintained that the enforcement action was improper, and Gemini has since secured CFTC approval to operate as a Derivatives Clearing Organization.

The twins’ Gulfstream had flown a similar Birmingham route earlier in the week. Westhampton Beach sits roughly 75 miles from Gemini’s New York operations and the twins’ SoHo home. With Gemini Space Station shares trading far below their September 2025 IPO price and a shareholder class action pending per the New York Ledger, this trip — timed to a regulatory victory — reads as a rare piece of good news for the brothers to deliver in person.