CFTC Seeks to Reverse Gemini Settlement
Cointelegraph
The US Commodity Futures Trading Commission is seeking to vacate a $5 million settlement with Gemini, citing flawed original allegations.Summary
The US Commodity Futures Trading Commission (CFTC) has filed a motion to vacate its $5 million settlement with the cryptocurrency exchange Gemini. The agency stated that the original enforcement action, brought during the previous administration, relied on a whistleblower account that lacked credibility. Consequently, the CFTC determined that maintaining the consent order is no longer in the public interest. This move follows a broader shift in the agency's stance toward crypto-related cases under the current US administration. While the $5 million fine has already been paid by Gemini, the request aims to terminate ongoing injunctions and obligations imposed by the settlement.
(Source：Cointelegraph)