The U.S. Securities and Exchange Commission announces the conclusion of the case that caused the collapse of the cryptocurrency market.
The U.S. Securities and Exchange Commission dropped (
#SEC ) civil enforcement action against Gemini Trust Company.
The agency announced today that it has filed a joint motion with Gemini in court, which has definitively closed the case and prevented it from being reopened.
The lawsuit was filed in January 2023 as part of the Gemini Earn program. The agency claimed that the cryptocurrency yield products offered in this program constituted an unregistered securi