https://www.tftc.io/cftc-gemini-consent-order-hellerstein-ruling-2026
Share A federal judge refused to let a friendly regulator rescue Gemini from its own settlement. Key takeaways U.S. District Judge Alvin K. Hellerstein rejected a joint CFTC-Gemini motion on October 15, 2026 to vacate a $5 million consent order, ruling that an agency's change of heart doesn't qualify as a "significant change in law" under Fed. R. Civ. P. 60. The CFTC's own internal review concluded the original case should never have been brought, yet the court ruled those findings don't retroactively alter the facts or law that underpinned the January 2025 settlement. Gemini's $5 million pena
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Share A federal judge refused to let a friendly regulator rescue Gemini from its own settlement. Key takeaways U.S. District Judge Alvin K. Hellerstein rejected a joint CFTC-Gemini motion on October 15, 2026 to vacate a $5 million consent order, ruling that an agency's change of heart doesn't qualify as a "significant change in law" under Fed. R. Civ. P. 60. The CFTC's own internal review concluded the original case should never have been brought, yet the court ruled those findings don't retroactively alter the facts or law that underpinned the January 2025 settlement. Gemini's $5 million pena
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