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."
Bitcoin News·
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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 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,
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
Krispy Kreme has agreed to shell out more than a million dollars to compensate those affected by a data breach. According to the settlement administrator’s portal, the doughnut and coffeehouse chain will pay $1.6 million to end a class action lawsuit filed after its 161,676 current and former employees had their sensitive personal information exposed by […] The post Up to $3,500 per Person Incoming As Krispy Kreme Settles Data Breach Lawsuit Impacting 161,676 Americans appeared first on The Daily Hodl.
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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