US Sec asks for disposal of 60 days delay in the lawsuit in twins trust 900 million dollars

The American Securities Commission and the Exchange and Gemini jointly requested a 60-day stay in their current lawsuit for exploring potential resolution.

The movementsubmitted by the American District Court for the South District of New York 1. April, the requests to dispose of all deadlines as further discussions.

In January 2023. year, DC filed his first respondent against Gemini’s Trust and Geneis Global Capital, claiming that they illegally raised billions of dollars through Program Bemini earnings, without registering him as a supply of securities.

The lawsuit was part of a wider sliced ​​movement of CRIPTO companies within the regulatory pressure of Biden Administration. Gemini had previously agreed come back 2.18 billion dollars for affected customers as part of a separate settlement with New York regulators.

The request did not specify whether the discussions could lead to solving, releasing or other resolution, but both parties are argued that the case pause serves public interest and preserves court resources. SEC and Gimini will provide a joint status update within 60 days of request approval.

Since President Donald Trump took office in January, there was a large shift in regulatory implementation. SEC, under the leadership of Vršica Vršite of UIED withdrawn Legal threats from the birth of birth, unisvapa, unchangeable and openings and gave up the main companies of cryptocurrency such as Konažas and Kraken.

Changing the approach welcomed the CRIPTO industry players who have previously faced strict implementation in the former December Gari Garerler. Winklevoss twins, twin founders were also active supporters of several cryptological regulatory environments.

Each donated the maximum allowed $ 844,600 Trump Campaign 2024. Years. Genesis, which managed $ 900 million of 340,000, earns customers before stopping withdrawals in November 2022. year, settled their part of $ 21 million in February. Year.