Judge Upholds Gemini’s $5M Settlement Despite CFTC Reversal
Judge Refuses to Erase Gemini’s $5 Million Settlement Despite CFTC Reversal
A judge has declined to set aside Gemini’s $5 million settlement, even after the Commodity Futures Trading Commission reversed its position in the matter.
The decision means the settlement remains in effect despite the agency’s change of course. Gemini will therefore continue to be bound by the agreement unless a later court action alters the outcome.
The ruling highlights that a regulatory reversal does not automatically undo a settlement that has already been approved by a court. Any effort to remove or modify such an agreement must still be addressed through the judicial process.
