The US Commodity Futures Trading Commission (CFTC) requested a judge on Wednesday to rescind a $5 million fine previously imposed on Gemini Trust Company. The cryptocurrency exchange, founded by the Winklevoss twins—who each donated $1 million in Bitcoin to Trump's 2024 campaign—had been penalized. The CFTC acknowledged that regulators should not have accused Gemini of making false statements in its Bitcoin futures operations, noting that the settlement agreement should be revoked due to adjustments in the Trump administration's enforcement policies on cryptocurrencies. In a joint court filing, both parties stated that the CFTC had filed the lawsuit during the Biden administration based on unreliable whistleblower claims, and that Gemini was actually a victim of fraud by its former chief operating officer and two clients. Additionally, regulators abused their power during the case by threatening to block approval of Gemini's new prediction market platform. While Gemini secured approval for the platform in December 2025, it remains unclear whether the paid fine will be refunded.