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The US Securities and Exchange Commission (SEC) and Gemini have requested a pause on the watchdog’s lawsuit against the crypto exchange over its Earn program. This move follows the regulator’s efforts to resolve most major crypto litigations outside of the Court.
SEC And Gemini Ask For Pause
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On April 1, the US SEC and crypto exchange Gemini sent a letter to New York federal court judge Edgardo Ramos asking for a pause on the regulator’s lawsuit to “allow the parties to explore a potential resolution.”
In the joint motion to stay, the Commission and Gemini lawyers requested a 60-day stay of all the deadlines in the case to discuss the potential
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