SEC and Gemini Seek 60-Day Pause in Crypto Lending Case
The US Securities and Exchange Commission (SEC) and crypto exchange Gemini have requested a pause in the ongoing legal battle over Gemini’s Earn program.
In a letter sent on April 1 to Judge Edgardo Ramos of the New York federal court, the SEC and Genesis Global Capital, involved in the case, asked for a 60-day hold on the proceedings.
This would give them an opportunity to seek a possible solution and end the case without the assistance of the court. The letter also stated that none of the party would be prejudiced by this delay and it would also save judicial time.
The SEC first sued Gemini and Genesis in January 2023 for selling securities without registering them through the Gemini Earn program. However, the case against Gemini…
