Gemini Can’t Shed Its CFTC Consent Order Even With the Agency’s Backing, Judge Rules
Photo: Unchained
A federal judge in Manhattan on Thursday refused to vacate Gemini’s 2025 settlement with the Commodity Futures Trading Commission , even though the agency had joined the crypto exchange in asking him to. U.S. District Judge Alvin K. Hellerstein denied the joint motion in an eight-page order, leaving in place the consent order’s injunction and Gemini’s promise not to publicly deny its findings. Gemini has already paid the $5 million civil penalty , the order noted. “The CFTC’s present assessment that this action should not have been brought does not require vacatur or other relief,” Hellerstein wrote in the ruling.
Source: Unchained
