SEC and Gemini apply for a 60 day suspension of litigation to seek a settlement plan

Odaily Planet Daily reported that the US Securities and Exchange Commission (SEC) and cryptocurrency exchange Gemini have submitted an application to New York Federal Court Judge Edgardo Ramos, requesting a 60 day suspension of the related litigation to explore potential settlement options. This case originated from the SEC's lawsuit against Gemini and cryptocurrency lending company Genesis Global Capital in January 2023, accusing them of providing unregistered securities through the Gemini Earn program. （Cointelegraph）