Winklevoss Twins’ Gemini Nears SEC Settlement Over Earn Program
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Gemini and the SEC are nearing a settlement. Court documents reveal the two parties have reached a “resolution in principle” to end the lawsuit targeting the exchange’s Gemini Earn product.
The program, launched in 2021, allowed users to lend crypto to Genesis in return for interest, a practice the SEC challenged as an unregistered securities offering.
The pending deal follows a pattern of the SEC dropping cases against major crypto firms like Ripple and Coinbase since a change in leadership.
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