SEC and Gemini File for 60-Day Pause on Crypto Lending Case

The Securities and Exchange Commission and Gemini Trust filed a motion on Tuesday seeking a 60-day pause in their high-profile legal case concerning the exchange’s crypto lending program.

Submitted in Manhattan federal court, the motion requests a suspension of all deadlines related to the SEC’s January 2023 lawsuit, which accused the Winklevoss twins’ exchange of not registering the Gemini Earn program before offering it to retail investors.

The joint letter, signed by attorneys from both parties, states the pause is “to allow the parties to explore a potential resolution,” according to the April 1 filing.