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Judge Rejects Gemini, CFTC Bid To Overturn $5M Settlement In Bitcoin Futures Case

Judge Rejects Gemini, CFTC Bid To Overturn $5M Settlement In Bitcoin Futures Case

  • A federal judge in Manhattan tossed a joint settlement bid by Gemini and the CFTC to void a $5 million agreement.

  • US District Judge Alvin Hellerstein ruled that the parties had not met the legal standards to vacate the settlement.

  • The request to undo the settlement marked a change in the Trump administration’s crypto enforcement priorities, but the judge said those changes weren’t enough to void the deal.

A federal judge in Manhattan dismissed a joint motion by the U.S. Commodity Futures Trading Commission (CFTC) and cryptocurrency exchange Gemini to vacate a $5 million settlement over allegations that Gemini made misleading statements during the regulator’s review of a proposed Bitcoin (BTC)…

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