A US federal judge has rejected a joint motion by Gemini and the CFTC to overturn a $5 million settlement reached in January 2025. The case stemmed from allegations that Gemini misled the regulator during its review of a proposed Bitcoin futures product in 2017. Despite the CFTC’s evolving stance on digital assets, Judge Alvin Hellerstein ruled that the arguments presented did not meet the legal standards required to reopen the settlement. The decision keeps the judgment in place and signals that companies cannot rely on changing regulatory policies to undo past enforcement outcomes.
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