Judge Denies CFTC and Gemini's Bid to Vacate $5 Million Settlement

A federal judge denied a joint motion from Gemini and the CFTC to vacate a $5 million settlement agreed to in January 2025. The ruling keeps a permanent injunction barring Gemini from making false statements to the CFTC. The exchange has already paid the penalty, which will not be refunded, even as the CFTC shifts toward a more crypto-friendly posture.