The Securities and Exchange Commission and Gemini Trust jointly filed a motion Tuesday requesting a 60-day pause in their high-profile legal battle over the exchange’s crypto lending program.
Filed in Manhattan federal court, the motion asks to suspend all deadlines in the SEC’s January 2023 lawsuit.
The lawsuit had alleged that the Winklevoss twins’ exchange failed to register their Gemini Earn program before offering it to retail investors.
The joint letter was sent “to allow the parties to explore a potential resolution,” the April 1 filing reads, signed by attorneys from both sides.
Doing so “is in the Court’s and the public’s interest” because reaching a resolution “would conserve judicial resources.”
Notably, the motion did not…
Apr 03 2025
