{
  "id": 14993547,
  "title": "CFTC Wants to Drop Gemini’s $5M Settlement. A Judge Just Said No",
  "url": "https://urgent.news/2026/10/16/cftc-wants-to-drop-geminis-5m-settlement-a-judge-just-said-no",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-16T16:36:04.000Z",
  "source": {
    "name": "Decrypt",
    "slug": "decrypt",
    "url": "https://decrypt.co/381149/cftc-wants-drop-gemini-5m-settlement-judge-said-no"
  },
  "original_language": "en",
  "account": null,
  "summary": "A US federal judge has rejected a joint request from the crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement. According to Cointelegraph, US District Judge Alvin Hellerstein ruled that changes in the CFTC’s enforcement priorities and allegations of misconduct within its enforcement division were insufficient to void the January 2025 agreement. Moneyweb reports that the original 2022 lawsuit accused the platform of making false and misleading statements during an agency review of a proposed Bitcoin futures contract.\n\nThe CFTC and Gemini sought to overturn the deal after an internal review alleged misconduct by the regulator's enforcement division, which included improper regulatory pressure, efforts to prevent the disclosure of evidence, and reliance on a questionable whistleblower, Cointelegraph reports. Although the CFTC stated the case should never have been presented and indicated in June it would no longer enforce certain restrictions, the judge's ruling leaves the settlement intact.\n\nGemini has already paid the $5 million penalty, which the CFTC previously told Cointelegraph would not be refunded even if the settlement were overturned. CoinDesk notes that the court order and restrictions from the settlement will not be lifted. The ruling maintains a permanent injunction barring Gemini from making false or misleading statements to the CFTC and prohibits the exchange from publicly denying the settlement's findings.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "Judge rejects CFTC, Gemini bid to undo $5M settlement",
        "url": "https://urgent.news/2026/10/16/judge-rejects-cftc-gemini-bid-to-undo-5m-settlement",
        "published": "2026-10-16T07:43:29.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Judge rejects Gemini, CFTC bid to undo $5m settlement",
        "url": "https://urgent.news/2026/10/16/judge-rejects-gemini-cftc-bid-to-undo-5m-settlement",
        "published": "2026-10-16T08:30:13.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "U.S. judge rejects Gemini’s appeal to void $5 million settlement despite CFTC backing",
        "url": "https://urgent.news/2026/10/16/u-s-judge-rejects-geminis-appeal-to-void-5-million-settlement-despite",
        "published": "2026-10-16T09:36:21.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Judge rejects CFTC, Gemini bid to vacate $5 million settlement",
        "url": "https://urgent.news/2026/10/16/judge-rejects-cftc-gemini-bid-to-vacate-5-million-settlement",
        "published": "2026-10-16T16:07:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}