SEC and Gemini Request Pause in Legal Proceedings for Gemini Earn Program

The SEC and Gemini Trust Co., a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, have requested a 60-day pause in their ongoing legal proceedings regarding the Gemini Earn program in Manhattan federal court. This move aims to explore potential settlements and address concerns surrounding the program’s regulatory status. 🤝
This case follows challenges from Genesis Global Capital’s collapse, which has triggered heightened regulatory scrutiny for similar initiatives.