CFTC thừa nhận vụ kiện Gemini là không chính đáng, yêu cầu tòa án hủy bỏ lệnh đồng ý

The Huoxing Finance report states that on Tuesday, the U.S. Commodity Futures Trading Commission (CFTC) announced it had jointly filed a motion with Gemini Trust Company LLC with the U.S. District Court for the Southern District of New York, requesting the vacatur of the prior judgment against Gemini. The case was initially filed in June 2022, and both parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been brought and would not be brought under current enforcement standards. The review identified six issues: the complaint primarily relied on statements from a questionable whistleblower; the investigation targeted Gemini—as a victim of fraud—rather than the alleged fraudsters; there were serious doubts regarding the strength of evidence against Gemini; supporting evidence for the complaint was withheld from commissioners during the CFTC’s vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly leveraged CFTC regulatory authority to create leverage for settlement. The CFTC determined that continuing to enforce the prospective provisions of the consent order is neither consistent with its mission nor in the public interest; the non-prospective provisions of the consent order (such as civil penalties) have already been fulfilled. Both parties jointly request the court to vacate the remaining prospective provisions.