Gemini Can’t Shed Its CFTC Consent Order Even With the Agency’s Backing, Judge Rules

Judge Alvin Hellerstein ruled that Gemini cannot vacate its 2025 CFTC consent order, despite the agency's new enforcement stance and documents Gemini obtained after settling. The order carried a $5 million penalty and an injunction. The ruling reinforces the finality of consent orders even when regulatory positions shift.