{"id":20163,"date":"2025-04-02T09:16:46","date_gmt":"2025-04-02T09:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20163"},"modified":"2025-04-02T09:16:46","modified_gmt":"2025-04-02T09:16:46","slug":"sec-gemini-request-two-month-pause-in-lawsuit-as-potential-resolution-in-the-works","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20163","title":{"rendered":"SEC, Gemini Request Two-Month Pause in Lawsuit as &#8216;Potential Resolution&#8217; in the Works"},"content":{"rendered":"<div>\n<p>A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company&#8217;s Earn product.<\/p>\n<p>The two <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.592343\/gov.uscourts.nysd.592343.75.0.pdf\" target=\"_blank\">submitted a joint request<\/a> to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case as they consider a potential resolution.<\/p>\n<p>Gemini <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/01\/12\/sec-alleges-gemini-genesis-sold-unregistered-securities\" target=\"_blank\">was sued by the SEC<\/a> in January 2023, alongside lender Genesis Global Capital, alleging their Gemini Earn product constituted an unregistered securities offering. In March 2024, <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/03\/19\/genesis-to-pay-sec-21m-penalty-to-settle-charges-over-gemini-earn-product\" target=\"_blank\">Genesis finalized a $21 million settlement<\/a> with its role in the program, resolving its side of the case.<\/p>\n<p>Since President Donald Trump returned to office and appointed Mark Uyeda as acting SEC chair, the regulator has <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/03\/29\/where-all-the-sec-cases-are\" target=\"_blank\">halted or dropped over a dozen<\/a> crypto-related enforcement actions, citing a reassessment of how securities laws apply to digital assets.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company&#8217;s Earn product. The two submitted a joint request to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20163","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20163"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20163\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}