Gemini, CFTC lose bid to cancel $5 million penalty

A U.S. federal judge has rejected an October 15 request by cryptocurrency exchange Gemini Trust and the Commodity Futures Trading Commission (CFTC) to cancel their $5 million settlement, leaving the previously paid penalty and permanent injunction in place. U.S. District Judge Alvin Hellerstein, who oversees the Gemini enforcement case in New York, ruled that neither the regulator’s allegations of improper enforcement conduct nor changes in federal cryptocurrency policy justified overturning the January 2025 agreement. The decision followed a joint motion filed in May after the CFTC reviewed its original investigation and concluded that the lawsuit should not have been brought under its current enforcement standards.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.