Tag: SEC

SEC, Gemini Reach Deal in Principle on Gemini Earn Case After Years of Turmoil

• Sullivan McAllister
• Sep 16 2025
• 0 Comments

The SEC and Gemini say they’ve reached a deal in principle to settle the lawsuit over Gemini’s Earn program, which the SEC alleged was an unregistered securities offering. The program froze withdrawals in November 2022 after Genesis ran into trouble amid the FTX collapse. Final terms, including penalties, still need court approval. The case is a key marker in the SEC’s broader crypto crackdown.

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