U.S. judge rejects Gemini’s appeal to void $5 million settlement despite CFTC backing
60-second summary
U.S. judge rejects Gemini’s appeal to void a $5 million settlement, keeping court‑ordered restrictions through 2025 despite the CFTC’s claim the case was improperly filed. Gemini has already paid the fine, but must continue compliance measures, limiting its product offerings and user onboarding. The decision underscores regulatory persistence, pressuring exchanges to maintain rigorous oversight.
The crypto exchange already paid up, but a court order and restrictions from its 2025 settlement will not be lifted even though the CFTC said the case should have never been presented.