SEC Drops Landmark Lawsuit Against Gemini Trust
The SEC has dismissed its lawsuit against Gemini Trust regarding the Gemini Earn program, signaling a shift towards a more collaborative regulatory approach.Summary
The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Gemini Trust Company with prejudice, effectively ending years of litigation surrounding the “Gemini Earn” program. This decision represents a significant shift for the SEC, particularly in light of recent pressure from the Senate Banking Committee and the 2025 Executive Order on the “Strategic Digital Asset Stockpile.” By dismissing the case with prejudice, the SEC is prevented from bringing the same claims again, providing legal clarity for Gemini and the crypto-lending industry.
This move indicates a potential pivot away from the SEC’s previous “regulation by enforcement” strategy towards a more collaborative framework guided by the Clarity Act. The resolution is expected to encourage major banks, previously hesitant due to the ongoing litigation, to resume partnerships with Gemini for custody and settlement integrations.
The dismissal also appears to have stabilized the market, mitigating a potential deeper decline during a period of geopolitical instability. The article clarifies that Coinidol.com provides independent Blockchain media coverage and does not endorse any specific investment decisions.
(Source：Plato Data Intelligence)