CFTC, Gemini File Joint Motion to Reverse $5M Settlement
The regulator filed alongside the crypto exchange to undo a 2025 consent order it now says "should not have been filed."
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The post CFTC Gemini settlement reopened as crypto enforcement shifts appeared on BitcoinEthereumNews.com. The CFTC Gemini settlement is back in court after a sharp reversal that says as much about shifting crypto policy in Washington as it does about Gemini’s legal fight. On Wednesday, the US Commodity Futures Trading Commission asked a federal court to vacate its $5 million settlement with the crypto exchange, arguing the case should never have been brought under the agency’s current enforcement standards. That is a remarkable turn. Gemini already paid the $5 million fine in January 2025 after the CFTC accused the company of making false or misleading statements tied to a Bitcoin futures contract. Now the same regulator says the complaint was flawed and wants the remaining terms of the deal undone. The filing was made jointly with Gemini in a Manhattan court. Although the money has already changed hands, the bigger immediate issue may be the legal baggage still attached to the case,
Read full articleThe regulator filed alongside the crypto exchange to undo a 2025 consent order it now says "should not have been filed."
The post CFTC asks court to scrap Gemini’s $5M enforcement deal appeared on BitcoinEthereumNews.com. The U.S. Commodity Futures Trading Commission has moved to scrap its $5 million settlement with crypto exchange Gemini after concluding that the enforcement case should not have been filed under the agency’s current standards. Summary The CFTC has asked a federal court to vacate its $5 million settlement with Gemini after concluding the case should not have been filed. Regulators said the original complaint relied heavily on a whistleblower account that lacked credibility. Gemini had settled the case in January 2025 over allegations tied to statements made during the approval process for a Bitcoin futures contract. In a joint motion filed Wednesday in a Manhattan federal court, the CFTC and Gemini asked the court to vacate the January 2025 consent order that resolved allegations tied to Gemini’s proposed Bitcoin futures contract. The regulator said it had reviewed the matter and determi
The U.S. Commodity Futures Trading Commission has moved to scrap its $5 million settlement with crypto exchange Gemini after concluding that the enforcement case should not have been filed under the agency’s current standards. In a joint motion filed Wednesday…
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The CFTC's reassessment signals a potential shift towards more cautious regulatory actions, impacting future crypto industry oversight. The post CFTC seeks to vacate $5M penalty against Gemini Trust Company appeared first on Crypto Briefing.
The CFTC's reassessment signals a potential shift towards more cautious regulatory actions, impacting future crypto industry oversight. The post CFTC seeks to vacate $5 million penalty against Gemini Trust Company appeared first on Crypto Briefing.