CFTC Says Its Gemini Complaint "Should Not Have Been Filed", Seeks Relief

On May 27, 2026, the CFTC said it joined Gemini Trust Company LLC in a joint motion in SDNY seeking relief from a January 2025 consent order tied to a case the agency filed in June 2022. The regulator said an internal review led it to conclude the original complaint "should not have been filed" under current enforcement standards, and asked the court to vacate the order's prospective provisions.