{"id":96284,"date":"2026-05-28T03:18:02","date_gmt":"2026-05-28T03:18:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96284"},"modified":"2026-05-28T03:18:02","modified_gmt":"2026-05-28T03:18:02","slug":"cftc-reexamines-gemini-case-and-asks-to-erase-2025-settlement","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96284","title":{"rendered":"CFTC Reexamines Gemini Case And Asks To Erase 2025 Settlement"},"content":{"rendered":"
\n

On Wednesday evening, the US Commodity Futures Trading Commission (CFTC) announced it had joined Gemini (GEMI) in requesting that the court grant relief from the judgment in the regulator\u2019s case against the exchange, filed back in 2022.\u00a0<\/p>\n

The CFTC said it carried out a thorough reexamination of the matter, looking back at the investigation\u2019s history, the evidence it relied on, the decision to file charges, and how the case was litigated.\u00a0<\/p>\n

CFTC Cites Lacking Credibility<\/h2>\n

Based on that review, the CFTC concluded <\/a>that the complaint should not have been filed and that it would not have been brought under the agency\u2019s current enforcement approach.\u00a0<\/p>\n

In its release, the regulator laid out several reasons for that determination. It said the complaint leaned heavily on a whistleblower account that it described as lacking credibility.\u00a0<\/p>\n

It also argued that the investigation was not focused on the alleged fraudsters at the center of the underlying dispute, but instead pursued Gemini\u2014whom it characterized as a fraud victim\u2014for purported false statements made during the company\u2019s registration application process.\u00a0<\/p>\n

The CFTC further said there were serious questions about the strength of the evidence against Gemini. The agency asserted that personnel improperly influenced the CFTC\u2019s regulatory authority in a way that effectively created settlement leverage.<\/p>\n

What Happens To Gemini\u2019s Remaining Injunction<\/h2>\n

Because of its findings, the CFTC said it determined that pursuing enforcement of the consent order\u2019s prospective provisions would no longer serve the regulator\u2019s mission or the public interest.\u00a0<\/p>\n

The CFTC explained that the consent order\u2019s non-prospective parts\u2014such as the civil monetary penalty\u2014have already been satisfied, and it argued that keeping remaining prospective elements in place, including injunctive relief, would not be equitable.<\/p>\n

Gemini previously settled the CFTC\u2019s charges in January 2025, during the final weeks of President Joe Biden\u2019s administration. As part of that settlement, Gemini paid a $5 million penalty and agreed to an injunction barring the company from making false or misleading statements to the CFTC.<\/p>\n

\"Gemini\"<\/p>\n

Featured image created with OpenArt; chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On Wednesday evening, the US Commodity Futures Trading Commission (CFTC) announced it had joined Gemini (GEMI) in requesting that the court grant relief from the judgment in the regulator\u2019s case against the exchange, filed back in 2022.\u00a0 The CFTC said it carried out a thorough reexamination of the matter, looking back at the investigation\u2019s history, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-96284","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96284"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96284\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}