Business · Companies · 2 hrs ago
Judge Keeps $5 Million Settlement Against Gemini Trust in Place
A judge refused to cancel a settlement involving Gemini Trust, a crypto firm with ties to the Trump family.
Gemini Trust and the C.F.T.C. had asked the judge to nullify the agreement.
The settlement requires Gemini Trust to pay $5 million.
It was reached over the firm's misleading federal regulators.
The judge's decision means the settlement remains in place.
The ruling leaves the agreed payment requirement intact.
A judge refused to overturn a settlement requiring Gemini Trust to pay $5 million.
The ruling denied a bid by Gemini Trust and the C.F.T.C. to nullify the settlement.
The settlement required the company to pay for misleading federal regulators.
The article headline describes Gemini Trust as having ties to the Trump family.
- Who
- Gemini Trust and the C.F.T.C. sought to nullify the settlement; a judge denied their bid.
- What
- The judge kept in place a settlement requiring Gemini Trust to pay $5 million.
- When
- The article was published on October 16, 2026; the ruling date is not stated.
- Where
- Not stated.
- Why
- The settlement required payment for misleading federal regulators.
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- Company
- Gemini Trust
- Settlement amount
- $5 million
- Other party to bid
- C.F.T.C.