WORLDTECHJudge refuses to let Gemini and CFTC undo $5 million settlement
What happened
15, 2026 Gemini and the Commodity Futures Trading Commission finally found something to agree on. Gemini voluntarily agreed to settle just three weeks before the case was scheduled to go to trial.
The ruling underscores the permanence of legal settlements, limiting the impact of policy shifts on finalized judgments and regulatory actions. The post Judge refuses to let Gemini and CFTC undo $5 million settlement appeared first on Crypto Briefing .
A federal judge in New York was not persuaded. Hellerstein denied a joint motion from Gemini Trust Company and the CFTC to vacate a consent order entered in January 2025.
That order carried a $5 million civil monetary penalty and a permanent injunction. What the court decided The case sits in the Southern District of New York.
Gemini and the CFTC jointly asked the court to wipe out the consent order that ended their dispute. Judge Hellerstein ruled that the two sides failed to show sufficient grounds for vacatur under Federal Rule of Civil Procedure 60.
Rule 60 is the provision courts use when a party wants to undo a final judgment. The judge put weight on the timeline.
Key facts
- 15, 2026 Gemini and the Commodity Futures Trading Commission finally β found: something to agree on
Sources & evidence
- Crypto Briefing Reporting source
Judge refuses to let Gemini and CFTC undo $5 million settlement β
https://cryptobriefing.com/judge-denies-gemini-cftc-vacate-penalty/ - crypto.news Reporting source
Gemini, CFTC lose bid to cancel $5 million penalty β
https://crypto.news/gemini-cftc-lose-bid-to-cancel-5-million-penalty/