U.S. CFTC files request to erase Gemini settlement that it no longer considers fair
CoinDesk
The U.S. CFTC and Gemini have jointly requested a federal court to vacate a previous settlement agreement, citing changes in enforcement standards.Summary
The U.S. Commodity Futures Trading Commission (CFTC) has requested to void a 2025 settlement with crypto exchange Gemini, admitting that the original enforcement action regarding alleged misleading statements should not have been filed under current regulatory standards. If approved by the U.S. District Court, this move would nullify the original $5 million fine and all associated injunctions. This reversal reflects a significant shift in the agency's approach toward the crypto industry under the administration of President Donald Trump and current CFTC leadership, which has adopted a more favorable policy stance toward digital assets.
(Source：CoinDesk)