US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
The court noted that Gemini voluntarily settled three weeks before trial and that policy changes do not warrant reopening the judgment.
AI summary
A US federal judge denied a joint request by Gemini and the CFTC to vacate a $5 million settlement, noting Gemini voluntarily settled three weeks before trial and that subsequent policy changes do not justify reopening the judgment. The ruling keeps the penalty and the enforcement precedent intact, reinforcing that settled regulatory actions are difficult to unwind. For traders, it signals continued regulatory finality in crypto enforcement, a mild negative for Gemini and similar exchanges facing CFTC scrutiny.
Narrative history
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1H AGOYou’re reading thisUS federal judge denies joint Gemini-CFTC bid to undo $5 million settlementThe Block · Score 45
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6H AGOThe Defiant · Score 55 · via Gemini-CFTC Bid, Gemini-CFTC
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6H AGOCrypto Briefing · Score 35 · via undo, undo $5M
