Gemini Trust Company has agreed to pay a $5 million settlement to the Commodity Futures Trading Commission (CFTC) to resolve allegations of misleading regulators during its attempt to launch U.S.-regulated Bitcoin futures in 2017-2018. The settlement, which avoids a trial, does not include an admission of wrongdoing by Gemini. The CFTC had accused the company of providing false and misleading statements in its communications with the agency. This case underscores the increasing regulatory scrutiny facing cryptocurrency exchanges. The settlement was confirmed by multiple sources, including reports from CoinDesk and BitcoinNewsCom, highlighting the ongoing focus on compliance in the crypto sector.