U.S. CFTC files request to erase Gemini settlement that it no longer considers fair
The U.S. Commodity Futures Trading Commission (CFTC) has filed a request to nullify a previous settlement with the crypto exchange Gemini, which it now deems unfair. The CFTC's current leadership believes the original complaint against Gemini should not have been pursued under today's enforcement standards. If the court grants the request, Gemini will be released from its obligations under the settlement, including an injunction against making misleading statements.
- ▪The CFTC is seeking to erase a settlement with Gemini that was reached in January 2025.
- ▪Gemini had previously paid a $5 million fine related to allegations of misleading statements about bitcoin futures contracts.
- ▪The CFTC's review concluded that the original complaint would not have been filed under current management and practices.
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailU.S. CFTC files request to erase Gemini settlement that it no longer considers fairThe regulator went back to analyze the 2022 case and decided that it wouldn't have been pursued under current management and practices.By Jesse Hamilton|Edited by Nikhilesh De May 28, 2026, 1:12 a.m. 2 min readMake preferred on Cameron and Tyler Winklevoss at the White House after last year's GENIUS Act signing. (Nikhilesh De/CoinDesk)The U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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