CoinDesk reported that the US Commodity Futures Trading Commission (CFTC) has submitted a request to the court to void a past fine payment agreement it had made with cryptocurrency exchange Gemini, effectively treating the lawsuit as if it never happened. Gemini had previously settled, agreeing to pay a $5 million fine, among other conditions, on charges of making false statements regarding the difficulty of manipulating Bitcoin futures contracts in January 2025. The CFTC's position is that the lawsuit itself should not have been filed. The media outlet added, "This action reflects a shift in the agency's stance since the inauguration of crypto-friendly Chairman Mike Selig in the second Trump administration, and if the court approves it, Gemini's obligation to pay the fine will be nullified."
