According to The Block, a United States federal judge has refused a joint proposal filed by Gemini and the Commodity Futures Trading Commission (CFTC) to set aside a $5 million settlement. The filing sought to undo the agreement reached by Gemini.
In the ruling, the court observed that Gemini voluntarily entered into the settlement three weeks prior to the scheduled trial date. It also held that modifications to policy or operational practice are not grounds for reopening the judgment.
