SEC and Gemini Seek Mediation in Crypto Case as Settlements Mount

The SEC and Gemini have jointly requested a 60-day pause in legal proceedings to explore a mediated settlement in their ongoing dispute over Gemini Earn. The case, initiated under the Biden administration, revolves around Gemini’s now-discontinued Earn program, which allowed users to lend cryptocurrency for high returns. This move marks another significant step towards resolving high-profile crypto cases as the Trump administration’s approach favors mediation, echoing its successes in previous settlements with Ripple, Kraken and Uniswap. 60-day pause on court hearings signals a potential end to the legal standoff.