Federal Judge Alvin Hellerstein rejected on October 15 the joint motion by Gemini and the Commodity Futures Trading Commission (CFTC) to vacate their January 2025 settlement agreement. The agreement imposed a 5 million dollar fine, already paid, along with a permanent injunction against false or misleading statements. The CFTC had later reversed its position, claiming the complaint should not have been filed, but the judge ruled that the regulator’s change in enforcement priorities does not justify overturning a final judgment. Gemini’s legal obligations under the judgment therefore remain in force.
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