Federal Judge Blocks Gemini and CFTC from Erasing 2025 Settlement
Federal judge denies Gemini and CFTC bid to erase $5 million 2025 crypto settlement.
In brief
Federal judge denies Gemini and CFTC bid to erase $5 million 2025 crypto settlement. Federal judge upholds $5 million settlement between Gemini and CFTC after company paid in January 2025. Originally reported by Pymnts.
Federal judge denies bid
Federal judge refused to overturn $5 million settlement Gemini paid to CFTC in January 2025.
CFTC and Gemini seek reversal
CFTC and Gemini argued regulator should not have accused company of false statements and inappropriate tactics.
Settlement terms
Gemini must follow court order prohibiting misleading CFTC or rejecting settlement findings.
Settlement background
Settlement stemmed from 2023 CFTC lawsuit alleging Gemini misled regulators in 2017 during bitcoin futures review.
The headline
Federal judge upholds $5 million settlement between Gemini and CFTC after company paid in January 2025.
