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CFTC Seeks to Vacate $5 Million Gemini Penalty
By Editorial profile image Editorial

CFTC Seeks to Vacate $5 Million Gemini Penalty

The U.S. Commodity Futures Trading Commission has asked a judge to vacate a $5 million penalty imposed on cryptocurrency exchange Gemini Trust Company.

The U.S. Commodity Futures Trading Commission has asked a judge to vacate a $5 million penalty imposed on cryptocurrency exchange Gemini Trust Company.

The CFTC and Gemini Trust Company have jointly filed papers seeking to rescind a settlement reached in January 2025. They argue that the firm should not have been accused of making false statements regarding its bitcoin futures business.

By Editorial profile image Editorial
Updated on
Regulation CFTC Gemini Trust Company cryptocurrency exchange bitcoin futures business