CFTC asks court to scrap Gemini’s $5M enforcement deal
The post CFTC asks court to scrap Gemini’s $5M enforcement deal appeared on BitcoinEthereumNews.com. The U.S. Commodity Futures Trading Commission has moved to scrap its $5 million settlement with crypto exchange Gemini after concluding that the enforcement case should not have been filed under the agency’s current standards. Summary The CFTC has asked a federal court to vacate its $5 million settlement with Gemini after concluding the case should not have been filed. Regulators said the original complaint relied heavily on a whistleblower account that lacked credibility. Gemini had settled the case in January 2025 over allegations tied to statements made during the approval process for a Bitcoin futures contract. In a joint motion filed Wednesday in a Manhattan federal court, the CFTC and Gemini asked the court to vacate the January 2025 consent order that resolved allegations tied to Gemini’s proposed Bitcoin futures contract. The regulator said it had reviewed the matter and determi