According to Cointelegraph, a judge has denied the U.S. Comptroller General’s (CFTC) proposal along with Gemini’s effort to undo a $5 million settlement from January 2025. The decision was made in response to a bid by the CFTC and Gemini to alter or reverse the settlement based on changes in enforcement priorities and claims of misconduct by the CFTC’s enforcement division.
The judge determined that neither the shift in CFTC enforcement priorities nor allegations of misconduct by its enforcement division provided sufficient grounds to overturn the January 2025 settlement between Gemini and the CFTC. The ruling maintains the original terms of the settlement.
