Gemini

Mike

Chair

<ul>
 <li>The CFTC now says the Gemini lawsuit from 2022 should never have been filed.</li>
 <li>Gemini paid a $5M penalty, but regulators now want parts of the settlement vacated.</li>
 <li>Eleanor Terrett says CFTC Chair Mike Selig appears to oppose the Gemini case.</li>
</ul>
The US Commodity Futures Trading Commission is now trying to undo one of its own crypto enforcement cases.
On May 27, the CFTC and Gemini Trust Company <a href="https://www.cftc.gov/PressRoom/PressReleases/9236-26" rel="noopener noreferrer nofollow">jointly</a> asked a federal court in the Southern District of New York to vacate parts of a January 2025 settlement tied to a long-running bitcoin futures case. The agency said the complaint should never have been filed under current enforcement standards.
The move is highly unusual because federal regulators rarely ask courts to reverse their own completed enforcement actions after a settlement has already been signed, approved, and partially executed.
The original case ended wh…
Read The Full Article <a href="https://coinedition.com/cftc-says-gemini-case-should-never-have-been-filed/" rel="noopener noreferrer nofollow">CFTC Says Gemini Case Should Never Have Been Filed</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

CFTC Says Gemini Case Should Never Have Been Filed

Coin Edition

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