US Court Asked To Overturn $5 Million Gemini Penalty As Regulator Says Case Should Not Have Been Filed
The CFTC has asked a US court to vacate its $5 million settlement with Gemini, saying the enforcement action should not have been brought under current standards. Both the CFTC and Gemini argue the case was based on unreliable whistleblower claims and that Gemini was affected by fraud involving former staff and customers.
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