SEC Requests 60-Day Delay in Gemini Earn Case, Signaling Potential Settlement Talks

The U.S. Securities and Exchange Commission (SEC) has requested a 60-day delay in its lawsuit against crypto firm Gemini Trust. This request to a New York federal court aims to create time for both parties to explore potential settlements. The case focuses on the Gemini Earn program, launched in partnership with crypto lender Genesis, which allegedly violated securities laws by raising billions of dollars from investors without proper registration.