CFTC retreats from Gemini Bitcoin futures enforcement case amid controversy
The Commodity Futures Trading Commission (CFTC) and Gemini Trust Company are now jointly asking a federal court to unwind key parts of a 2025 consent order tied to a yearslong enforcement fight over Bitcoin futures products. A filing submitted Wednesday (May 27) in the Southern District of New York represents a striking reversal for the agency. The CFTC now says the original case against Gemini never should have moved forward under current enforcement standards for digital asset matters. .@CFTC Joins Gemini Trust Company LLC in Motion for Relief from Judgment: https://t.co/NPQoQhxzly — CFTC (@CFTC) May 27, 2026 “Following President Donald J. Trump’s Executive Order,” the filing states, “multiple U.S. agencies implemented a host of changes, including modifying enforcement approaches and standards for cases involving digital assets.” The agency said it later completed “a comprehensive review of the evidence and charging decision” and concluded “that the Complaint would not have been filed under the agency’s current standards.” The filing also says enforcement staff “resorted to inappropriate tactics in order to bring this case.” Internal disagreements surface …








