In a court filing Friday (Jan. 23), the Securities and Exchange Commission (SEC) asked a judge to dismiss the suit, stemming from the collapse of an investment product known as Gemini Earn.
The SEC argued that Gemini had settled a 2023 lawsuit brought by the state of New York, which had accused the company of defrauding investors. Since then, Gemini has settled with New York, with investors having received “one hundred percent of the crypto assets they had loaned to Gemini through the Gemini Earn program in kind.”
The SEC’s request is the latest in a series of steps the commission has taken to roll back earlier actions against the crypto industry…
Jan 26 2026
