CFTC says it shouldn’t have sued Gemini, joins motion to vacate prior judgment
The CFTC joined Gemini in filing a motion for relief from a 2025 consent order stemming from the agency's previous enforcement action....
Key takeaways
- 1CFTC acknowledged it shouldn't have sued Gemini and joined the exchange's motion to vacate the prior judgment.
- 2The motion seeks relief from a 2025 consent order that resulted from the CFTC's earlier enforcement action against Gemini.
- 3This reversal suggests potential regulatory recalibration regarding crypto exchange enforcement by U.S. commodity regulators.
Why it matters
This CFTC reversal signals softening regulatory stance toward crypto exchanges post-Trump administration, reducing enforcement risk for Indian traders using major platforms and indicating potential policy shifts favoring industry development over strict compliance oversight.
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