{"id":6011,"date":"2026-01-26T11:43:54","date_gmt":"2026-01-26T11:43:54","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6011"},"modified":"2026-01-26T11:43:54","modified_gmt":"2026-01-26T11:43:54","slug":"sec-drops-gemini-earn-case-after-investors-made-whole","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6011","title":{"rendered":"SEC Drops Gemini Earn Case After Investors Made Whole"},"content":{"rendered":"

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  • The SEC dismissed its lawsuit against Gemini because Earn program customers were repaid 100% of their crypto assets through bankruptcy proceedings.<\/span><\/li>\n
  • This dismissal follows a shift in SEC policy toward a less aggressive enforcement approach under new leadership following the 2025 transition.<\/span><\/li>\n
  • While Gemini recently went public and settled this specific case, the SEC stated this decision does not set a legal precedent for other pending crypto matters.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    The Securities and Exchange Commission (SEC) agreed on Friday to drop its lawsuit against Gemini over the exchange\u2019s Earn program, saying the case was no longer warranted. The lawsuit, filed in 2023 against Gemini and Genesis Global Capital, accused them of selling unregistered securities through a yield product that routed customer funds to Genesis.<\/p>\n

    In a joint court filing, the SEC and Gemini said Earn customers have now been repaid in full through Genesis\u2019 bankruptcy process. A federal judge, Judge Ramos, still has to approve the dismissal.<\/p>\n

    \n
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    The Commission\u2019s decision to seek dismissal of this action is \u2018in the exercise of its discretion,\u2019 and takes into account the \u2018100 percent in-kind return of Gemini Earn investors\u2019 crypto assets,\u2019 as well as state and regulatory settlements involving Gemini related to the Gemini Earn program<\/em><\/p>\n<\/div>\n

    \n US Securities and Exchange Commission. <\/div>\n<\/div>\n

    Read more: UBS CEO: Blockchain\u2019s Takeover of Traditional Banking Is Inevitable<\/strong><\/p>\n

    Dismissal Permanently Closes Case<\/h2>\n

    The case had already been paused in April last year after Mark Uyeda became acting SEC chair. The decision adds to a broader pullback in crypto enforcement under SEC Chair Paul Atkins, who took over in April 2025.\u00a0<\/p>\n

    The agency has also dropped cases against firms including Coinbase, Kraken and Ripple, while saying the Gemini decision does not set a precedent for other matters.<\/p>\n

    Back in September 2025, Gemini said it had reached a resolution in principle with the SEC, and since then, notably, the agency launched Project Crypto to update its digital-asset rules, moving away from the enforcement-heavy approach associated with the prior chair, Gary Gensler.<\/p>\n

    Gemini went public in September 2025, raising US$425 million (AU$650 million). The company trades under the ticker GEMI and is valued at about US$1.14 billion (AU$1.74 billion), as Crypto News Australia reported.<\/p>\n

    Read more: Bitcoin Whipsaws Higher After Trump Signals Greenland Deal, Drops EU Tariff Threat<\/strong><\/p>\n<\/p><\/div>\n

    Gemini,SEC#SEC #Drops #Gemini #Earn #Case #Investors1769427834<\/p>\n","protected":false},"excerpt":{"rendered":"

    The SEC dismissed its lawsuit against Gemini because Earn program customers were repaid 100% of their crypto assets through bankruptcy proceedings. This dismissal follows a shift in SEC policy toward a less aggressive enforcement approach under new leadership following the 2025 transition. While Gemini recently went public and settled this specific case, the SEC stated<\/p>\n","protected":false},"author":1,"featured_media":6012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1224,102,1799,1798,66,517],"class_list":{"0":"post-6011","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-case","9":"tag-drops","10":"tag-earn","11":"tag-gemini","12":"tag-investors","13":"tag-sec"},"yoast_head":"\nSEC Drops Gemini Earn Case After Investors Made Whole - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6011\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Drops Gemini Earn Case After Investors Made Whole\" \/>\n<meta property=\"og:description\" content=\"The SEC dismissed its lawsuit against Gemini because Earn program customers were repaid 100% of their crypto assets through bankruptcy proceedings. 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