U.S. judge rejects Gemini’s appeal to void $5 million settlement despite CFTC backing
Summary
A federal judge has denied Gemini's request to cancel a previous financial penalty and related restrictions. This decision stands even though the regulatory agency involved acknowledged the original enforcement action should not have been brought. The crypto exchange has already fulfilled the payment, but the court order and ongoing limitations will remain in place.
The crypto exchange already paid up, but a court order and restrictions from its 2025 settlement will not be lifted even though the CFTC said the case should have never been presented.
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