A judge refused to undo a $5 million settlement involving crypto firm Gemini Trust, which had been accused of misleading federal regulators. The company has ties to the Trump family.
01Summary
- 01The ruling denied a bid by Gemini Trust and the C.F.T.C. to nullify a settlement.
- 02The settlement required Gemini Trust to pay $5 million.
- 03The case involved allegations that the company misled federal regulators.
- 04Gemini Trust is described as having ties to the Trump family.
02Why it matters
The decision keeps a financial penalty in place and shows regulators and the company remain bound by the settlement. It may also draw attention because of the firm’s links to the Trump family.
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