Gemini Trust has agreed to pay $5 million to settle a lawsuit with the U.S. Commodity Futures Trading Commission (CFTC). The CFTC had alleged that Gemini made false or misleading statements in connection with the launch of the first regulated bitcoin futures contract in the United States. The settlement was revealed in a joint filing with the court by Gemini and the CFTC on Tuesday, and will allow Gemini to avoid a trial that was set to begin on March 21. As part of the settlement, Gemini has also agreed to implement a number of changes to its business practices, including: Amending its marketing materials to ensure that they are not misleading Providing more training to its employees on the CFTC's regulations * Hiring an independent consultant to review its compliance program The CFTC has been investigating cryptocurrency exchanges for several years, and has brought a number of enforcement actions against companies that have made false or misleading statements. The settlement with Gemini is the latest in a series of actions that the CFTC has taken to crack down on fraud and manipulation in the cryptocurrency markets.