CFTC Wants to Drop Gemini’s $5M Settlement. A Judge Just Said No
The judge ruled that a shift in the CFTC’s enforcement priorities and misconduct allegations against its enforcement division weren’t enough to reopen a deal Gemini signed weeks before trial.
AI summary
A federal judge rejected the CFTC's request to vacate a $5 million settlement with Gemini, which the agency had agreed to weeks before trial. The CFTC argued that a change in enforcement priorities and misconduct allegations within its enforcement division justified reopening the deal, but the judge found those reasons insufficient. The ruling maintains the original settlement terms, providing some legal certainty for Gemini but with limited broader market impact.
Narrative history
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1H AGOYou’re reading thisCFTC Wants to Drop Gemini’s $5M Settlement. A Judge Just Said NoDecrypt · Score 45
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8H AGOCoinDesk · Score 55 · via Gemini, $5M settlement
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9H AGOCointelegraph · Score 45 · via Gemini, Judge
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11H AGOThe Block · Score 45 · via Gemini-CFTC, $5M settlement
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17H AGOThe Defiant · Score 55 · via Gemini-CFTC Gemini-CFTC, Gemini-CFTC
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17H AGOCrypto Briefing · Score 35 · via $5M settlement, Gemini
