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.
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.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.