SEC, Winklevoss’ Gemini to Resolve Crypto Lending Lawsuit

SEC, Winklevoss’ Gemini to Resolve Crypto Lending Lawsuit

The US Securities and Exchange Commission and Gemini Trust Co. are close to resolving the agency’s lawsuit claiming the firm illegally raised billions of dollars through an unregistered lending crypto program, attorneys said in a court filing.

SEC, Billionaire Winklevoss Twins Resolve Lawsuit Over Gemini Earn

Why the SEC Plans to Settle its Legal Battle over Gemini Earn

The post Why the SEC Plans to Settle its Legal Battle over Gemini Earn appeared on BitcoinEthereumNews.com. The SEC reached a resolution in principle with Gemini to settle a previous lawsuit. This lawsuit concerns the 2023 Gemini Earn closure, which saw customers unable to withdraw funds. In addition to Gemini’s recent IPO, this also takes place in a broader context of shrinking US crypto enforcement. Less than a week ago, the nominee for CFTC C…

Bloomberg: SEC and Gemini Reach “Principle Agreement” to Fully Settle Multi-Year Lawsuit, Court Docs Say

According to Bloomberg and cited court filings on September 16, the U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have reached a “principle agreement” to fully resolve a

SEC and Gemini Reach Breakthrough in Earn Program Case

Court filings in New York reveal that the crypto exchange, founded by Tyler and Cameron Winklevoss, has reached a preliminary agreement with the Securities and Exchange Commission that could settle the dispute over its Gemini Earn product. The legal battle centered on the SEC’s claim that Gemini failed to properly register its crypto lending service before pitching it to retail investors. The Earn program, which allowed users to generate yield b…

SEC, Gemini Trust Reach Agreement Over Lending Dispute | The New York Ledger

The United States Securities and Exchange Commission (SEC) and Gemini Trust Business submitted a status upgrade in court, letting a federal court understand they had actually reached a “resolution in concept” to fix a securities case originating from a 2023 grievance. In a Monday filing in the United States District Court for the Southern District of New York City (SDNY), the SEC and Gemini Trust stated that, “based on examine and approval” by t…