May 28
CFTC and Gemini Jointly Move to Vacate 2022 Consent Order After Enforcement Review
The CFTC joins Gemini Trust in moving to vacate a 2022 consent order after an internal review found serious enforcement failures.
➤ The CFTC and Gemini are jointly seeking to vacate a 2022 consent order following an internal review that found serious enforcement failures by the CFTC. ➤ The review concluded the original complaint against Gemini should not have been filed, citing issues with whistleblower credibility and improper use of regulatory authority. ➤ This action reflects a broader shift in federal digital asset enforcement policy, with both parties agreeing that continuing enforcement of prospective provisions is not in the public interest.