Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement
TL;DR: A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchange’s $5 million settlement. The decision leaves the existing judgment in place despite the regulator’s changed approach to cryptocurrency enforcement. Gemini has failed in an unusual attempt to undo a regulatory settlement, despite having the very agency that brought the original case on its side. US District Judge Alvin Hellerstein rejected a joint motion by the exchange and the Commodity Futures Trading Commission seeking to vacate a consent judgment entered in Ja…
本文为英文原文。可使用浏览器翻译功能，或点击右侧按钮在 Google 翻译中阅读中文版本。
用 Google 翻译阅读 ↗
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement
Last Updated: October 17, 2026 10:13 am
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
TL;DR: A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchange’s $5 million settlement. The decision leaves the existing judgment in place despite the regulator’s changed approach to cryptocurrency enforcement.
Gemini has failed in an unusual attempt to undo a regulatory settlement, despite having the very agency that brought the original case on its side.
US District Judge Alvin Hellerstein rejected a joint motion by the exchange and the Commodity Futures Trading Commission seeking to vacate a consent judgment entered in January 2025.
The settlement arose from allegations that Gemini misled the regulator during its review of a proposed Bitcoin futures product in 2017. Gemini agreed to pay a $5 million penalty and accepted a permanent injunction.
When Regulators Change Their Minds
The CFTC subsequently reconsidered the original enforcement case as its digital asset priorities evolved. Together with Gemini, it asked the court to revisit the settlement.
That is a very different situation from the more familiar legal battle in which an exchange disputes a regulator’s allegations. This time, both parties wanted relief from the court’s earlier judgment.
But a change in enforcement policy does not automatically erase a final court order. The judge found that the arguments presented did not satisfy the legal standards for reopening the settlement.
The decision is significant for other cryptocurrency businesses hoping that a more accommodating federal regulatory environment might undo historical enforcement outcomes.
What Changes For Gemini?
In the immediate term, very little. The settlement remains in effect and the court has not imposed a new fine.
The wider message is more important: courts retain control of their judgments, even when a regulatory agency changes its view of a case.
Washington’s approach to cryptocurrency may have become more favourable, but companies cannot assume that previously approved settlements will disappear alongside the political circumstances in which they were reached.
NewsBTC Editorial Team
Disclaimer: The information found on NewsBTC is for educational purposes
only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
investments and naturally investing carries risks. You are advised to conduct your own
research before making any investment decisions. Use information provided on this website
entirely at your own risk.
SEC Opens New Crypto Custody Path For Investment Advisers And Funds
TL;DR The SEC has proposed a dedicated custody framework for crypto assets held by registered investment advisers and regulated funds....
NewsBTC Editorial Team
2 weeks ago
House Oversight Chair Comer Probes Crypto.com, Hyperliquid & PredictIt Over Identity Checks
In a major development confirmed on SEPTEMBER 29, 2026, Confirmed announcement/filing for House Oversight Chair Comer Probes Crypto.com, Hyperliquid &...
NewsBTC Editorial Team
2 weeks ago
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Crypto ‘Godfather’ Gets 78 Months For $37M Meta Fraud Scheme
NewsBTC Editorial Team
1 week ago
CFTC Opens Rulemaking Push For Retail Leveraged Crypto Markets
NewsBTC Editorial Team
1 week ago
Premium Sponsors
Press Releases
Shield Swap and Flowdesk expand confidential trading for...
Kenson Investments Publishes New Education Series on the...
Sectora Foundation Announces Final Testing of Four Products...
Why More Crypto Holders Are Choosing Wallet-to-Wallet Swaps
Best Crypto to Watch: ConConAI ($CON) Reaches CoinMarketCap...
Newsletter
About Us
NewsBTC is a cryptocurrency news service that covers bitcoin newstoday, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Social
来源: NewsBTC