SEC and Gemini Pursue Possible Settlement in Cryptocurrency Lawsuit

The US Securities and Exchange Commission (SEC) and crypto exchange Gemini have requested a 60-day pause in the regulatory agency’s lawsuit against Gemini Earn, seeking to explore potential resolution. Lawyers representing both parties filed a request for a stay of proceedings with New York federal judge Edgardo Ramos. This move aims to allow time for discussions and exploration of a possible settlement agreement.