The U.S. Commodity Futures Trading Commission has taken the unusual step of joining Gemini in a motion to vacate a 2025 consent order that arose from the agency's own enforcement action against the exchange. By filing jointly for relief from the judgment, the CFTC is effectively acknowledging that the original lawsuit should not have been brought. The move signals a significant shift in the regulator's posture toward crypto firms under the current administration, which has broadly pushed for a less adversarial approach to digital asset oversight. If the court grants the motion, the consent order — and any associated penalties or obligations tied to it — would be nullified, representing a meaningful legal and reputational victory for Gemini and its founders, Tyler and Cameron Winklevoss.
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