CFTC, are you going back on your word? They received the settlement of 5 million, and now they're saying the agreement is unfair. The face of crypto regulation can change at any moment.

Crypto World News reports that the U.S. Commodity Futures Trading Commission (CFTC) has filed a request with the federal court to revoke the settlement agreement with the cryptocurrency exchange Gemini, citing that the agreement is no longer considered fair. The CFTC stated that the previous settlement failed to properly address its staff's claims regarding misleading statements made by Gemini. In January 2025, Gemini agreed to resolve an enforcement action initiated in 2017 with a $5 million fine and other requirements. If the Southern District of New York court approves the request, other provisions of the agreement will be canceled, including the ban on Gemini making false or misleading statements to the commission. Since the Trump administration took office, the CFTC has significantly changed its relationship with the crypto industry.