SEC Seeks 60-Day Delay to Resolve 2023 Lawsuit Against Winklevoss' Gemini Earn Trust

The U.S. Securities and Exchange Commission (SEC) has indicated its intention to resolve its enforcement action against Gemini Trust, a cryptocurrency exchange founded by the Winklevoss twins. In a recent filing with a New York federal court, the SEC requested a 60-day delay to explore a potential resolution to the lawsuit, which alleges that Gemini and its partner Genesis Global Capital illegally raised billions through the Gemini Earn program. The SEC initially sued Gemini in 2023, claiming violations related to this program. Both the SEC and Gemini have filed a joint motion seeking this delay to facilitate discussions on a settlement.

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