SEC DROPS GEMINI CASE: MAJOR WIN FOR CRYPTO
The SEC has officially dismissed its case against Gemini Trust Company with prejudice. This means the SEC cannot refile these claims. The lawsuit, which targeted the now-halted Gemini Earn program, is officially over after nearly three years. This dismissal comes after Gemini investors receive 100% of their crypto back in kind and Gemini reached agreements with state and federal regulators. The SEC stated this dismissal is a result of their discretion and does not set a precedent for other cases. This is a massive legal victory for Gemini and signals a shift in the crypto regulatory landscape.
Disclaimer: This is not financial advice.