Judge Rejects Gemini and CFTC’s Joint Bid to Undo $5 Million Penalty
Photo: TheCoinrise
A federal court declined to let the exchange and its regulator unwind a previously agreed settlement. A federal judge has refused to let Gemini and the Commodity Futures Trading Commission undo a $5 million penalty that was part of an earlier settlement between the two sides. The ruling means the financial penalty and the underlying settlement terms remain in force, despite both parties asking the court to set them aside. What makes this case notable is that Gemini and the CFTC were aligned in their request.
Source: TheCoinrise
