A former CFTC chair said it was “extraordinarily unusual” for the agency to try and roll back a $5 million settlement with Gemini reached under the previous administration.

The regulator went back to analyze the 2022 case and decided that it wouldn't have been pursued under current management and practices.

The CFTC and Gemini Trust jointly asked a judge to vacate a $5M penalty, with the regulator saying it should never have accused the exchange of false statements.

The CFTC is seeking to vacate a $5 million settlement it brought under the Biden administration against Gemini, in a complaint that accused the crypto exchange of making false or…

Accordo CFTC Gemini: la CFTC chiede l'annullamento del settlement da 5 mln e la rimozione degli obblighi, con effetti sul settore crypto.

The regulator filed alongside the crypto exchange to undo a 2025 consent order it now says "should not have been filed."

The CFTC joined Gemini in filing a motion for relief from a 2025 consent order stemming from the agency's previous enforcement action.

The CFTC said regulators should never have accused Tyler and Cameron Winklevoss' Gemini Trust Company of making false statements in connection with its bitcoin futures business

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | ReutersThe move…

The CFTC says its Gemini crypto case should never have been filed under current enforcement standards. The agency has joined Gemini in asking a federal

A former CFTC chair said it was “extraordinarily unusual” for the agency to try and roll back a $5 million settlement with Gemini reached under the previous administration.