Judge Rejects Gemini-CFTC Bid to Lift Settlement Restrictions

A federal judge rejected a joint request by Gemini and the CFTC to lift the settlement restrictions imposed on the exchange. Gemini has already paid the $5 million penalty, but a permanent injunction and limits on publicly denying the case's findings remain in effect. The ruling keeps regulatory pressure on Gemini and signals that courts are unwilling to unwind enforcement terms, a modest negative for the exchange's standing and for sentiment around regulated crypto platforms.