According to Cointelegraph, Foresight News reports that the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency exchange Gemini have submitted an application to Judge Edgardo Ramos of the New York Federal Court, requesting a 60-day suspension of the related litigation to explore potential settlement options. The case stems from the SEC's lawsuit against Gemini and the cryptocurrency lending company Genesis Global Capital in January 2023, alleging that they offered unregistered securities through the Gemini Earn program.
SEC and Gemini file for 60-day stay of litigation to explore settlement
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