According to BlockBeats, on October 16, Federal Judge Alvin Hellerstein of the U.S. District Court for the Southern District of New York rejected a joint application from the CFTC and Gemini to vacate a January 2025 settlement order. The order requires Gemini to pay a $5 million civil penalty and imposes a permanent ban on making false or misleading statements to the CFTC. Gemini has already completed the payment.

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