SEC and Gemini Seek 60-Day Mediation Pause in $900 Million Crypto Case

The U.S. Securities and Exchange Commission (SEC) and Gemini have jointly requested a 60-day pause in their high-stakes crypto lending case. The request comes after the SEC filed charges against Gemini over its crypto lending program for alleged violation of securities law. Both parties aim to engage in mediation to explore potential settlement options. This move signifies a shift towards more cooperative negotiations, potentially impacting legal proceedings and investor expectations.