CFTC Moves to Undo Settlement That Had Gemini Paying $5 Million
Bloomberg
The CFTC and Gemini Trust Co. are seeking to dissolve a 2025 settlement requiring the crypto exchange to pay $5 million to resolve a lawsuit.Summary
The US Commodity Futures Trading Commission (CFTC) and Gemini Trust Co., led by the Winklevoss brothers, have jointly requested a federal judge in New York to vacate a January 2025 settlement. The settlement had required the cryptocurrency exchange to pay $5 million to resolve a CFTC lawsuit, which included a permanent injunction and civil monetary penalty. The lawyers for both parties argued in a filing released late Wednesday that the CFTC had "violated bedrock principles of fair enforcement" at the time the order was issued.
(Source：Bloomberg)