{"id":240656,"date":"2026-10-17T10:13:00","date_gmt":"2026-10-17T10:13:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=240656"},"modified":"2026-10-17T10:13:00","modified_gmt":"2026-10-17T10:13:00","slug":"judge-rejects-gemini-and-cftc-bid-to-overturn-5-million-settlement","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=240656","title":{"rendered":"Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement"},"content":{"rendered":"<p><strong>TL;DR:<\/strong> A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchange\u2019s $5 million settlement. The decision leaves the existing judgment in place despite the regulator\u2019s changed approach to cryptocurrency enforcement.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<h2>When Regulators Change Their Minds<\/h2>\n<p>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.<\/p>\n<p>That is a very different situation from the more familiar legal battle in which an exchange disputes a regulator\u2019s allegations. This time, both parties wanted relief from the court\u2019s earlier judgment.<\/p>\n<p>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.<\/p>\n<p>The decision is significant for other cryptocurrency businesses hoping that a more accommodating federal regulatory environment might undo historical enforcement outcomes.<\/p>\n<h2>What Changes For Gemini?<\/h2>\n<p>In the immediate term, very little. The settlement remains in effect and the court has not imposed a new fine.<\/p>\n<p>The wider message is more important: courts retain control of their judgments, even when a regulatory agency changes its view of a case.<\/p>\n<p>Washington\u2019s 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.<\/p>\n<p><em>Written by the News Desk and edited by Samuel Rae.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR: A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchange\u2019s $5 million settlement. The decision leaves the existing judgment in place despite the regulator\u2019s changed approach to cryptocurrency enforcement. Gemini has failed in an unusual attempt to undo a regulatory settlement, despite having the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":240657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-240656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240656"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240656"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/240657"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}