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CFTC vs. Gemini trial delayed until January 2025

Judge Alvin Hellerstein has rescheduled the trial between the CFTC and Gemini to January 21, 2025. The case stems from allegations about Gemini’s Bitcoin futures in 2017. This delay coincides with political shifts including Trump’s inauguration, potentially impacting regulatory approaches.

In 2024, the CFTC has recovered over 17 billion USD through actions targeting crypto firms. This aggressive strategy reflects its commitment to enforce compliance with US commodities laws. The delayed trial could be crucial for future regulatory frameworks in the crypto industry.

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