US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
60-second summary
A U.S. federal judge rejects Gemini’s joint request with the CFTC to overturn a $5 million settlement, noting the exchange voluntarily resolved the case three weeks before trial and that subsequent policy shifts do not justify reopening the judgment; the decision reinforces regulatory certainty, signaling that similar crypto firms may face firm, final penalties for compliance breaches.
The court noted that Gemini voluntarily settled three weeks before trial and that policy changes do not warrant reopening the judgment.