Judge Refuses to Erase Gemini’s $5M Settlement Despite CFTC Reversal

Judge Alvin Hellerstein refused to overturn Gemini's $5 million settlement with the CFTC on Oct. 15, 2026, despite the agency's reversal. The CFTC had joined Gemini in asking to void the deal, concluding the original lawsuit should never have been filed. The penalty and permanent injunction remain intact.