SEC, Gemini Request Two-Month Pause in Lawsuit as 'Potential Resolution' in the Works

SEC, Gemini Request Two-Month Pause in Lawsuit as 'Potential Resolution' in the Works

A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company's Earn product.The two submitted a joint request to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case as they consider a potential resolution.The motion mirrors similar stay requests filed by the SEC in other crypto-relate…

SEC and Winklevoss’ Gemini Trust to Explore Lawsuit ‘Resolution’

The US Securities and Exchange Commission told a federal judge in New York it wants to “explore a potential resolution” of its enforcement suit against the Winklevoss twins’ Gemini Trust Co. cryptocurrency exchange.

The SEC and Gemini Jointly Requested for 60-Day Delay on Litigation

The U.S. Securities and Exchange Commission (SEC) and Gemini Trust Company jointly requested a 60-day delay in their ongoing legal case from the U.S. District Court for the Southern District of New York. This request aims to allow both parties to explore a “potential resolution” to the lawsuit, which began in January 2023 when the […] The post The SEC and Gemini Jointly Requested for 60-Day Delay on Litigation appeared first on Tekedia.

Strategic Expansion: Gemini Unveils Miami Office Amid SEC Lawsuit Pause

Exciting news in the crypto world! Even amidst regulatory headwinds, leading crypto exchange Gemini is making a bold move, signaling continued growth and confidence in the digital asset space. The buzz is all about Gemini setting up a brand new office in Miami. But why Miami, and what does this mean...

Gemini expands to Miami’s Wynwood with first South Florida office lease

Gemini, backed by Cameron and Tyler Winklevoss, intends to move into a South Florida office space as the US Securities and Exchange Commission (SEC) enforcement case may have reached its end.

The Winklevoss brothers' platform and the U.S. regulator asked to pause the case for 60 days, as they will seek a possible agreement that will benefit both parties. *** Gemini and the SEC ask the court to pause the case for a period of 60 days. Both parties will seek to resolve the case in a friendly manner, for which they will hold talks and agreements. Gemini Earn was the axis of the conflict, following the arrest of withdrawals by Genesis. Th…