US Court Denies CFTC and Gemini Request to Vacate $5M Settlement
- —Judge Hellerstein: CFTC policy change is not grounds to reopen judgment
- —Gemini litigated for over three years before settling ahead of trial
- —$5 million penalty paid; permanent injunction stays in place
- —Precedent: new enforcement priorities do not undo final court orders
Why it matters: Companies weighing settlements must account for lasting injunctive and collateral effects, since a regulator's change of heart may not suffice.
Source: Bitcoin.com