CFTC Wants to Drop Gemini’s $5M Settlement. A Judge Just Said No

A federal judge has refused to let the Winklevoss twins’ crypto exchange Gemini walk back a $5 million settlement with the Commodity Futures Trading Commission, even though the regulator itself had joined the exchange in asking him to toss it out. In a ruling issued Oct. 15, U.S. District Judge Alvin Hellerstein of the Southern District of New York denied the unusual joint motion to vacate a consent order Gemini agreed to in January 2025. Myriad: Where does Ethereum go next? Click to make your p...