Gemini Trust Co. agreed to pay $5 million to settle a lawsuit from the CFTC, accusing the company of misleading attempts to launch the first regulated bitcoin futures in the U.S. 🤝

The agreement, filed in a New York court, allows the company to avoid litigation. Gemini did not admit guilt but complied with the investigation's requirements by providing data for verification. 🏛️

Amidst a change in administration in the U.S., changes in crypto regulation are expected.