Judge rules against Gemini attempt to erase order not to mislead the CFTC

Crypto Insight Summary: A federal judge in the Southern District of New York, Alvin Hellerstein, rejected the joint bid by the Gemini crypto exchange (NASDAQ: GEMI) and the Commodity Futures Trading Commission (CFTC) to remove a permanent order barring the exchange from misleading the US regulator. Judge Hellerstein of the SDNY declined to reopen a consent order that... Crypto Insight Analysis: Direction: Bearish GEMI Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory scrutiny on Gemini may deter investors and affect market confidence.