Judge rejects CFTC, Gemini bid to undo $5M settlement
Judge ruled changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division were insufficient to overturn Gemini’s January 2025 settlement.
AI summary
A federal judge rejected a joint request by the CFTC and Gemini to vacate a $5 million settlement reached in January 2025. The court found that shifts in CFTC enforcement priorities and claims of misconduct within its enforcement division did not justify undoing the agreement. The ruling keeps the penalty and compliance obligations in place, a modest negative for Gemini but with limited broader market impact since the amount is small relative to the exchange's operations.
Narrative history
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45M AGOYou’re reading thisJudge rejects CFTC, Gemini bid to undo $5M settlementCointelegraph · Score 45
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2H AGOThe Block · Score 45 · via bid undo, Gemini-CFTC
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7H AGOThe Defiant · Score 55 · via Judge Rejects, Gemini-CFTC
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7H AGOCrypto Briefing · Score 35 · via undo, undo $5M
