Wu Shuo Huode, the U.S. Commodity Futures Trading Commission (CFTC), announced that it has jointly filed a motion with the cryptocurrency trading platform Gemini in the Southern District of New York federal court, requesting the reversal of certain previous judgments and ongoing injunction clauses. The CFTC stated that, after re-examination, it believes that the case "should not have been initiated" under the current standards of digital asset enforcement.

The CFTC claims that the case overly relied on the testimony of a "lacking credibility" informant and mistakenly targeted Gemini, a victim of fraud, as the enforcement subject, rather than focusing on the actual fraudsters. Currently, both parties are requesting the reversal of future applicability clauses in the judgment, but civil fines and other previously paid amounts remain valid.