A judge has turned down a request from the CFTC and Gemini to cancel the $5 million settlement Gemini agreed to in January 2025. The regulator and the company it settled with asked for the same outcome, and the court refused both of them.
Two arguments were put to the court. One was that the CFTC's enforcement priorities have changed. The other was that the agency's enforcement division has been accused of misconduct. The judge ruled that neither reason was enough to overturn the settlement.
The report was published on October 16, 2026. It does not name the judge or the court. It does not say what the original case was about or whether either side plans to challenge the ruling. Those details are not yet known from this source.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The ruling concerns a settlement between a US regulator and Gemini, and none of the four exchanges we track appears in the story. Nothing in it touches funding rates, trading fees or liquidity on those venues.
Source: cointelegraph — Judge rejects CFTC, Gemini bid to undo $5M settlement