U.S. CFTC files request to erase Gemini settlement that it no longer considers fair
The U.S. CFTC filed a request to cancel a settlement with Gemini, arguing the case should not have been pursued under current standards.Summary
The U.S. Commodity Futures Trading Commission (CFTC) has filed a request to nullify a settlement with the crypto exchange Gemini, arguing that the enforcement action should not have been filed under current standards. The agency stated that it concluded the complaint "should not have been filed — and would not have been under current enforcement standards." The settlement, agreed to in January 2025, included a $5 million fine and requirements to prevent future misleading statements. The CFTC's decision to reverse its stance comes amid a significant shift in the agency's relationship with the crypto industry following the administration of President Donald Trump and the appointment of CFTC Chairman Mike Selig, who has embraced digital assets as a policy priority. The agency's reversal follows a period of increased scrutiny of the crypto sector, including criticism from figures like JPMorgan CEO Jamie Dimon regarding the CLARITY Act framework.
(Source：Coindesk Indonesia)