Judge Rejects Gemini and CFTC’s Bid to Undo $5M Settlement and Permanent Injunction

A federal judge refused to undo the Gemini CFTC settlement, keeping the Winklevoss-led exchange bound by a permanent injunction and a $5 million civil monetary penalty. U.S. District Judge Alvin K. Hellerstein of the Southern District of New York issued the ruling on October 15, 2026, denying a joint motion by Gemini Trust and the CFTC.