News
Federal Court Denies Request to Vacate Gemini and CFTC Consent Order
On October 15, Judge Alvin Hellerstein denied a joint request by the CFTC and Gemini Trust Company to vacate a January 2025 consent order. The CFTC had previously sued Gemini over statements made during a review of a proposed bitcoin futures contract, resulting in a $5 million civil penalty. Separately, on October 14, the Office of the Comptroller of the Currency reported that nine major national banks maintained policies restricting financial services to digital-asset businesses. On the same day, the European Banking Authority classified USDC as the first significant e-money token under MiCA rules.