PANews reported on April 2nd that according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) told the New York Federal Court that it hopes to "explore potential solutions" to resolve its lawsuit against the crypto exchange Gemini Trust owned by the Winklevoss twins. The SEC and Gemini Trust jointly requested a 60-day extension of the civil litigation on Tuesday. Before Trump's inauguration in January this year, Gemini had agreed to pay $5 million to settle with the U.S. Commodity Futures Trading Commission (CFTC).

The SEC sued Gemini in 2023, alleging that the exchange and crypto lending institution Genesis Global Capital illegally raised billions of dollars in crypto assets through the "Gemini Earn" program. In a previous settlement with New York state regulators, Gemini agreed to return at least $1.1 billion to customers. The Trump administration has now withdrawn enforcement actions against multiple crypto companies.