Wu Blockchain has learned that the U.S. Commodity Futures Trading Commission (CFTC) announced it has jointly filed a motion with crypto trading platform Gemini in the U.S. District Court for the Southern District of New York, requesting the dismissal of certain prior rulings and ongoing injunction provisions. The CFTC stated that, upon re-evaluation, it believes the case “should not have been brought” under the current digital asset enforcement standards. The CFTC noted that the case overly relied on the testimony of a whistleblower who “lacked credibility” and mistakenly targeted Gemini, a victim of fraud, as the enforcement subject instead of focusing on the actual perpetrators of fraud. Both parties are now seeking to dismiss the forward-looking provisions of the ruling, but previously paid civil penalties and other terms remain in effect. https://(wublock123.com)/news/cftc-withdraws-partial-ban-on-gemini-crypto-exchange-61770