SEC and Gemini Request 60-Day Pause in Lawsuit over Gemini Earn Program

In a move to facilitate potential settlement discussions, the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Gemini have jointly requested a 60-day pause in their ongoing lawsuit regarding the Gemini Earn program. The request, filed with Judge Edgardo Ramos of the New York federal court on April 1, aims to halt all deadlines while both sides explore potential resolution. Both parties believe this will be beneficial for both parties and the court by conserving judicial resources.