General Bitcoin News
Trump-Linked Crypto Firm Gemini Loses Bid to Erase $5M Fine for Misleading Regulators
Key points
- Judge Alvin K. Hellerstein refused to lift $5 million penalty against Gemini Trust for misleading regulators about its Bitcoin business.
- Gemini and the CFTC had jointly sought to nullify the settlement, claiming agency lawyers pressured Gemini to settle.
- The judge ruled that Gemini's highest officials willfully misrepresented material facts and the penalty reflected violations, not CFTC overreach.
The New York Times9 hours ago82 views0 comments
