The SEC agrees to a settlement with Gemini in crypto case
The US Securities and Exchange Commission (SEC) has reached a preliminary settlement with billionaire twins Tyler and Cameron Winklevoss’ cryptocurrency platform Gemini Trust.
The SEC accused the cryptocurrency platform of failing to register a cryptocurrency asset lending program before offering it to retail investors. According to reports, the settlement resolves the agency’s lawsuit over the Gemini Earn program.
The settlement still needs to be approved by SEC
In a letter filed on Monday in a Manhattan federal court, lawyers representing both parties indicated the settlement would “completely resolve” the lawsuit but still subject to SEC approval.
The lawyers reportedly asked the US District Judge Edgardo Ramos to give…
