U.S. CFTC Seeks to Erase Crypto Exchange Gemini’s $5M Penalty - Tekedia

The CFTC is asking a federal judge to void its $5 million settlement with Gemini and drop the penalty.

The agency says the case was wrongly brought and relied on flawed whistleblower allegations, and Gemini is joining the effort to unwind it.

The move points to a sharp easing of U.S. crypto enforcement under the Trump administration.

It may also encourage other crypto firms to challenge earlier penalties and settlements.