US judge refuses to void Gemini's $5M settlement despite CFTC support

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A U.S. judge has declined Gemini's request to undo its $5 million settlement, even though the Commodity Futures Trading Commission backed the exchange's bid. Gemini had already paid the penalty under the 2025 agreement. The court will keep its order in place along with the restrictions that came with the settlement. The CFTC argued that the case should never have been brought in the first place.

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