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EVENT / TOPICHistorical

Judge Upholds Gemini’s $5 Million Settlement with the CFTC

2 reports2 sources10/16/2026 updated

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AI overview

A federal judge on October 15 ruled that Gemini’s request to void the $5 million settlement reached with the U.S. Commodity Futures Trading Commission (CFTC) in January 2025 was denied. The judge held that the CFTC’s recent shift in stance was insufficient to overturn the agreement. Gemini has already paid the $5 million and remains bound by the settlement’s terms. The decision affirms that a regulatory body’s post‑agreement position change does not retroactively invalidate a settled contract, leaving the settlement in force.

Written with AI from the reporting · updated 10/16/2026

Latest developmentOct 17, 00:36
Judge Denies CFTC and Gemini's Bid to Vacate $5 Million Settlement
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  1. 1Unclassified fact stationOct 16, 00:00recorded Oct 16, 17:44revised

    法官驳回Gemini撤销500万美元和解协议的上诉

    Read original source ↗ CoinDeskReplay this moment in the explorer
    Evidence & revisions · 2 source records
    Subject：
    Gemini
    Action：
    上诉被驳回
    Object：
    500万美元和解协议
    Occurred (fact side)：
    Oct 16, 00:00
    CoinDesk ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 16, 17:36
    First seen (known side)：
    Oct 16, 17:44
    Decrypt ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 17, 00:36
    First seen (known side)：
    Oct 17, 00:42
    Fact stationRevised

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Oct 17
  1. DecryptSource report revised
    Judge Denies CFTC and Gemini's Bid to Vacate $5 Million Settlement

    Report first recorded Oct 17, 00:42

    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.

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Oct 16
  1. CoinDeskSource report revised
    U.S. Judge Rejects Gemini's Appeal to Void $5 Million Settlement Despite CFTC Support

    Report first recorded Oct 16, 17:44

    U.S. Federal Judge Alvin Hellerstein rejected a joint request from crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn Gemini's $5 million settlement from January 2025. The judge ruled that the CFTC's changed position did not justify undoing the agreement, nor did he accept Gemini's claim of regulatory coercion. Gemini has already paid the $5 million and remains under a court order prohibiting it from misleading the CFTC or publicly denying the settlement's findings. This ruling confirms that a friendlier approach to crypto regulation is not retroactive, even when the regulator and the company agree the judgment should be withdrawn.

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