SEC and Winklevoss-led Gemini Company reach "principle solution" over Gemini Earn's years-long lawsuit
Source: CoinWorld
Time: 2025-09-16 05:02:42
Gemini and the U.S. Securities and Exchange Commission (SEC) reached a preliminary settlement over allegations that it issued unregistered securities through the Gemini Earn lending program. The settlement is yet to be finalized. Earlier, the SEC filed a lawsuit in January 2023, accusing the program of violations, which offered an annual interest rate of up to 7.4%. Both parties have requested a suspension of the proceedings.