Gemini Can’t Shed Its CFTC Consent Order Even With the Agency’s Backing, Judge Rules

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. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter .

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