SEC DROPS GEMINI CASE. BIGGEST WIN EVER?

SEC has officially dismissed its case against Gemini Trust Company with prejudice. This means the SEC cannot refile the same claims. The lawsuit, which began in January 2023, centered on the now-halted Gemini Earn crypto lending program. The SEC cited the 100% in-kind return of Gemini Earn customer crypto assets and settlements with regulators as key reasons for the dismissal. This ruling provides legal finality for Gemini amidst a shifting regulatory landscape for crypto firms in the US.

Disclaimer: This is not financial advice.

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