CFTC Wants to Drop Gemini’s $5M Settlement. A Judge Just Said No
60-second summary
The judge rejects the CFTC’s bid to void Gemini’s $5 million settlement, ruling that the agency’s changed enforcement focus and alleged misconduct in its enforcement division do not justify reopening the agreement Gemini signed weeks before trial, leaving the settlement intact and signaling that regulatory disputes will likely continue to pressure crypto firms and market confidence.
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.