CFTC vs. Gemini Trial Rescheduled After Trump’s Inauguration

A New York judge has moved the CFTC vs. Gemini trial from January 13 to January 21, 2025, stating that no additional delays will be allowed.

This shift puts the proceedings after the January 20 inauguration of President-elect Donald Trump—an event that could potentially influence how the CFTC approaches crypto-related cases.

The lawsuit, filed by the CFTC in June 2022, accuses Gemini of providing misleading information regarding its 2017 attempt to launch Bitcoin futures.

The regulator is seeking disgorgement of profits, financial penalties, and further restrictions against future violations.

READ MORE:

Top 10 Biggest Crypto Stories of 2024

Meanwhile, there is speculation that Trump may replace CFTC Chair Rostin Behnam with someone more favorable to the crypto industry.

This trial is one of several legal actions the CFTC has taken against crypto firms. The agency recently reported recovering over $17 billion in the 2024 fiscal year, primarily through enforcement efforts targeting major crypto companies.

Source

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.