Catenaa, Monday, April 07, 2025- The US Securities and Exchange Commission (SEC) and crypto exchange Gemini have requested a 60-day stay in their legal battle, signaling a potential resolution to the case involving Gemini’s Earn program.
In a joint letter filed Tuesday with the US District Court for the Southern District of New York, the two parties asked for a pause on “all deadlines” as they explore a settlement. The SEC had sued Gemini in January 2023, accusing the company of offering unregistered securities through its crypto lending platform.
The move follows a broader shift in the SEC’s stance on crypto under the Trump administration, with the agency recently dropping cases against Coinbase, OpenSea and other firms.
Gemini co-founder Cameron Winklevoss previously said the SEC had closed its investigation into the exchange and would not pursue further action. The company also settled a separate $5 million case with the US Commodity Futures Trading Commission earlier this year.
As it resolves regulatory challenges, Gemini is reportedly considering an initial public offering in 2025. The company appointed a new chief financial officer last month to oversee the potential listing.
