<ul><li>The SEC and Gemini are seeking a 60-day halt in their lawsuit over Gemini Earn, with no clarity on a possible settlement.</li><li>The motion for a stay of the lawsuit was jointly submitted by Gemini Trust and the SEC to the United States District Court for the Southern District of New York.</li><li>The lawsuit deals with the complaint that Gemini and Genesis Global Capital sold securities without classifying their lending program as a registered offering.</li><li>This pause reflects the changing regulatory landscape for cryptocurrency companies under the Biden administration and the SEC's recent dismissals and settlements of high-profile cases.</li></ul>

SEC and Gemini Seek 60-Day Pause in Crypto Lawsuit

Discover more