The joint request, filed in May by both the regulator and the defendant, sought to undo the agreement based on findings of misrepresentations by the Winklevoss twins, Gemini, and a whistleblower, as well as internal deliberations within the CFTC. Because these issues were identified as part of the original merits and not as events occurring after the settlement, the judge ruled that the agreement remains in effect.
Tuesday, October 20, 2026
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Federal Judge Rejects Joint Request to Undo $5M Gemini Settlement
Crypto5 days ago
The Commodity Futures Trading Commission and Gemini lost a legal bid to scrap a deal that settled charges against the Winklevoss brothers' crypto exchange in early 2025. A federal judge denied the joint motion to void the $5 million agreement, which was finalized in January during the final days of the Biden administration. The court determined that the arguments for overturning the deal were based on the merits of the case rather than valid post-judgment developments.
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