Winklevoss Twins land in Dothan the same week CFTC admits they were political targets

Winklevoss Twins flew from Trenton, New Jersey’s N87 to Dothan Regional Airport in Alabama on June 10, a 93-minute hop aboard their Gulfstream G500, N533WE. The arrival falls days after the Commodity Futures Trading Commission asked a judge to withdraw the $5 million penalty it levied against their crypto exchange, Gemini Trust Company, per a CNBC report from late May. The CFTC’s current chairman, Michael Selig, said the prior administration “politically targeted people like the Winklevoss twins,” calling the enforcement action “lawfare” in a recent interview.

The sudden regulatory reversal follows Gemini’s turbulent public life since its September 2025 IPO. The stock collapsed roughly 84% from its debut, net losses widened to $585 million, and a shareholder class action accused the company of misleading investors about its pivot to prediction markets. The CFTC and Gemini jointly argued in court filings that the original suit was built on a whistleblower account the agency now says was not credible, and that Gemini was itself the victim of employee fraud.

The Dothan stop is an unusual one for the twins, whose private flights typically shuttle between Teterboro, Los Angeles and Miami. Alabama has no obvious Gemini facility, public appearance or conference on the calendar — suggesting a separate personal or business meeting in the region. The flight arrives as the twins moved $67 million in Bitcoin to a Gemini-linked wallet earlier in June, per crypto.news, and as Bitcoin slid below $66,000 amid rising US-Iran tensions.