U.S. judge rejects Gemini’s appeal to void $5 million settlement despite CFTC backing

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Judge Alvin Hellerstein said the CFTC's new enforcement stance and documents Gemini obtained after settling don't justify vacating the 2025 order that carried a $5 million penalty and an...
Judge ruled changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division were insufficient to overturn Gemini’s January 2025 settlement.