Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement
Summary
A federal judge rejected a joint request by Gemini and the CFTC to vacate a January 2025 consent judgment, leaving Gemini’s $5 million settlement and permanent injunction in place. The case stemmed from allegations that Gemini misled the regulator during its 2017 review of a proposed Bitcoin futures product. Although the CFTC later reconsidered the case amid changing digital-asset priorities, the judge ruled that the parties had not met the legal standard for reopening the judgment. The decision signals that shifts in regulatory policy do not automatically undo final court orders.
