Court Upholds Gemini’s Settlement with the CFTC and Permanent Injunction
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AI-assisted source synthesis · not an independent investigation.
In January 2025, Gemini entered into a consent order with the U.S. Commodity Futures Trading Commission (CFTC), requiring Gemini to pay a $5 million civil penalty and permanently prohibiting it from making false or misleading statements to the CFTC. Gemini has paid the amount. On October 16, 2026, Gemini and the CFTC jointly requested that the settlement agreement and related injunction be vacated, but the request was rejected by a U.S. federal court. The court held that the CFTC’s change in position was insufficient to overturn the agreement and that the parties had not presented new facts sufficient to alter the circumstances. The court also rejected Gemini’s claims that it had been subject to regulatory pressure and coerced into settling, and upheld the order prohibiting Gemini from misleading the CFTC or publicly denying the settlement’s conclusions.
AI-written from reports · updated 2 days ago
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- CoinDeskU.S. judge rejects Gemini and CFTC’s joint request to withdraw the $5 million settlement agreement
A U.S. federal judge rejected Gemini and the Commodity Futures Trading Commission’s (CFTC) joint request to withdraw the $5 million settlement agreement, ruling that the CFTC’s change in position was insufficient to overturn the agreement Gemini reached in January 2025, and also rejecting Gemini’s claim that it was coerced by the regulator into settling. Gemini has paid the amount, and the court also upheld an order barring it from misleading the CFTC or publicly denying the settlement’s conclusions.
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