SEC Drops Civil Case Against Gemini, Crypto Earn Program Dispute Concluded

MEVictim · 2026-01-24T15:21:51+00:00

The SEC has dropped its civil case against Gemini Trust Company regarding the Gemini Earn program, concluding the lawsuit initiated in January 2023. The decision is due to investors receiving their assets back but doesn't set a legal precedent for other cases.

MEVictim

2026-01-24 15:21:51

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Source: CryptoNewsNet Original Title: SEC Announces: The Case That Once Caused a Collapse in the Cryptocurrency Market Has Concluded Original Link: The U.S. Securities and Exchange Commission (SEC) has dropped its civil sanctions case against Gemini Trust Company, LLC.

The agency announced today that a joint petition between the SEC and Gemini has been filed in court, definitively ending the case and preventing its reopening.

The lawsuit in question was initiated in January 2023 under the Gemini Earn program. The SEC alleged that the cryptocurrency yield products offered in this program constituted an unregistered securities offering. The case was heard in the Southern District of New York Federal Court, where Genesis was also a party.

The SEC’s announcement stated that the decision to dismiss the case was made at the Commission’s discretion. The statement cited as reasons for this decision the return of 100% of Gemini Earn investors’ crypto assets in kind, as well as state and regulatory settlements reached by Gemini in connection with the program.

On the other hand, the SEC also emphasized that this step does not necessarily reflect the Commission’s legal approach in other cases. The statement stressed that dismissing the case may not set a precedent for other similar investigations or cases.

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OffchainWinner

· 01-27 03:57

The Gemini case has been somewhat resolved, but we need to be clear—SEC dropping the lawsuit doesn't mean Gemini has completely won; it's more of a mutual retreat. The Earn project indeed crossed regulatory lines before, and now that this outcome has been reached, it shows that both sides are exhausted. Moving forward, we still need to watch whether other exchanges will be held accountable—that's the key.

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Ser_Liquidated

· 01-25 13:26

The SEC has finally backed down; Gemini wins this round.

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AirdropHarvester

· 01-24 15:51

This case has finally been settled, and Gemini has managed to avoid a disaster this time. However, the SEC's actions are quite outrageous; they were so aggressive before, and now they say withdraw and withdraw. I really don't know what kind of agreement was reached behind the scenes. This should be a positive for the entire Earn-type product, but it seems that future regulation will continue to be a challenge.

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FlashLoanLarry

· 01-24 15:51

The SEC has finally let go, Gemini has won this round.

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GasFeeLady

· 01-24 15:44

Gemini has finally loosened up this time, and the SEC dropping the lawsuit indicates that regulatory attitudes are softening. The previous case was indeed quite alarming to many, and now that it has settled, it is ultimately a positive signal.

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YieldWhisperer

· 01-24 15:42

The SEC drops the lawsuit against Gemini, which is quite an unexpected reversal.

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NightAirdropper

· 01-24 15:39

It seems that the SEC has finally loosened up, and Gemini has escaped this time. But we need to think about whether there is a perspective behind this that we haven't seen clearly yet. Will the regulatory authorities' attitude change so quickly to send a signal to the entire industry? We need to continue monitoring the subsequent developments.

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QuorumVoter

· 01-24 15:27

This matter has finally been settled, not easy at all. Gemini has managed to get through this wave, and the SEC's voluntary withdrawal of the lawsuit also indicates a shift in attitude. It seems that regulators are beginning to understand the demands of these platforms, which is helpful for restoring confidence in the entire industry.

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