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The CFTC changed its mind on Gemini. The judge did not.

The CFTC changed its mind on Gemini. The judge did not.

Photo: crypto.news

Two parties to a federal settlement asked to undo it after the regulator reassessed its own case. The judge refused. Gemini has already paid $5 million, but the more consequential dispute was over a continuing injunction and a court order the agency now says it would never have sought under its current standards. The ruling separates a regulator's power to change future enforcement priorities from a court's power to reopen an agreed judgment. A federal judge denied the CFTC and Gemini's joint bid to vacate their 2025 consent order on October 15.

Source: crypto.news

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