Gemini · Federal Reserve (FED) · New York · Bitcoin.com News
This Week in Crypto Law (October 18, 2026)
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Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law, A law firm focused on digital asset commerce.
Key facts
- On October 15, Judge Alvin Hellerstein of the Southern District of New York denied a joint request by the CFTC and Gemini Trust Company to vacate their January 2025 consent order
- The OCC reviewed approximately 50,000 documents totaling roughly 420,000 pages, along with nearly 100,000 complaints
- According to the Crypto Council for Innovation’s filing announcement, the parties proposed that opening summary-judgment motions be filed on November 4, with briefing completed by January 22, 2027
- On October 12, the High Court in London ruled that Chinese law governs fraud victims’ ownership claims to approximately 61,000 bitcoin seized by British authorities
Summary
This week’s developments show courts and regulators addressing crypto through several distinct legal frameworks. In Europe, USDC became the first e-money token classified as significant under MiCA. On October 15, Judge Alvin Hellerstein of the Southern District of New York denied a joint request by the CFTC and Gemini Trust Company to vacate their January 2025 consent order. The CFTC originally sued Gemini in 2022, alleging that the exchange made false or misleading statements during the agency’s review of a proposed bitcoin futures contract. The court’s October 15 order declined to reopen the judgment.