CFTC Seeks to Vacate Judgment Against Gemini; $5 Million Penalty Not Returned
The U.S. Commodity Futures Trading Commission has petitioned a judge to vacate a court order that resulted from a January 2025 settlement with Gemini Trust Company, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss. The CFTC now says it should not have accused Gemini of making false statements about its bitcoin futures business. G…