Judge rejects Gemini, CFTC bid to undo $5M settlement

AI-generated briefing · First published 2026-10-16 10:00:44 UTC

A federal judge upheld Gemini’s January 2025 $5 million CFTC settlement, ruling policy shifts and alleged misconduct insufficient to overturn it.

US District Judge Alvin Hellerstein rejected a joint request by Gemini and the CFTC to overturn the January 2025 $5 million settlement, finding changes in enforcement priorities and allegations of misconduct by the regulator’s enforcement division insufficient grounds. [1] [2]

The ruling leaves intact a permanent injunction barring Gemini from making false or misleading statements to the CFTC and prohibits the exchange from publicly denying the findings. [1]

Sources

1. Judge rejects CFTC, Gemini bid to undo $5M settlement

   Cointelegraph · 2026-10-16 07:43:29 UTC · Full text

2. U.S. judge rejects Gemini’s appeal to void $5 million settlement despite CFTC backing

   CoinDesk · 2026-10-16 09:36:21 UTC · Summary only

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