Federal judge just rejected Gemini + CFTC's attempt to kill that $5M penalty from Biden era

Winklevoss twins taking the L here. No escape from the fine.

Regulatory overhang still real for US exchanges. This sets precedent that settlements don't just vanish when administrations flip.

If you're trading on US platforms, remember: compliance costs are baked into their margins. Offshore alternatives looking more attractive by the day.