The SEC and Gemini Trust have jointly filed a motion in a Manhattan federal court requesting a 60-day pause in their legal battle over crypto lending. This comes after allegations that the Gemini Earn program, launched by the Winklevoss twins, was not registered before being offered to retail investors. The motion aims to suspend all deadlines while both parties seek a potential resolution, which they argue would conserve judicial resources. The situation reflects a broader shift in regulatory enforcement under the Trump administration, as the SEC has recently softened its stance on several crypto cases, marking a significant change from the previous aggressive approach. Additionally, last month, the SEC dismissed enforcement actions against three major crypto firms, indicating a shift in regulatory focus. The outcome of the pending motion could ultimately affect approximately 340,000 customers and the future of crypto lending regulations.

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