U.S. SEC Withdraws Civil Lawsuit Against Exchange Gemini

On January 23, the U.S. Securities and Exchange Commission (SEC) announced that it had filed a joint agreement in court to withdraw its civil lawsuit against Gemini Trust Company. The SEC described the decision to withdraw the lawsuit as an 'exercise of discretion', taking into account the 100% physical return of cryptocurrency assets to Gemini Earn investors, and settlements related to the Gemini Earn program with state and regulatory authorities. The SEC clarified in the joint agreement that 'this decision does not necessarily reflect the Commission's stance on other cases.' The lawsuit was dismissed without prejudice, meaning it cannot be refiled on the same claims...