{"id":545969,"date":"2026-01-23T22:52:58","date_gmt":"2026-01-23T22:52:58","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/01\/23\/sec-dismisses-civil-action-against-gemini-with-prejudice\/"},"modified":"2026-01-23T22:52:58","modified_gmt":"2026-01-23T22:52:58","slug":"sec-dismisses-civil-action-against-gemini-with-prejudice","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/01\/23\/sec-dismisses-civil-action-against-gemini-with-prejudice\/","title":{"rendered":"SEC dismisses civil action against Gemini with prejudice"},"content":{"rendered":"

\"SEC<\/p>\n

The SEC was satisfied with Gemini\u2019s agreement to contribute $40 million toward the full recovery of Gemini Earn investors\u2019 assets lost as a result of the Genesis bankruptcy.<\/p>\n

The US Securities and Exchange Commission\u2019s civil lawsuit against Gemini Trust Company and Genesis Global Capital in the Earn-related unregistered securities case has been dismissed with prejudice.<\/p>\n

Court filings show<\/a> the parties submitted a joint stipulation to dismiss the action on Friday in the US District Court in the Southern District of New York, effectively ending the SEC\u2019s claim over Gemini\u2019s crypto lending program with Genesis.<\/p>\n

The SEC was content with the dismissal based on a 100% in-kind return of Gemini investors\u2019 crypto assets through the Genesis bankruptcy case in mid-2024 and Gemini agreeing to contribute up to $40 million to help fund the return of all crypto assets to Gemini Earn investors.<\/p>\n

The SEC was satisfied with the dismissal based on the 100% in-kind return of Gemini Earn investors\u2019 crypto assets through the Genesis bankruptcy proceedings in mid-2024, which included Gemini contributing up to $40 million to help fund the full recovery of customer assets. <\/p>\n

The SEC brought the case against the Winklevoss-led Gemini and Genesis in January 2023, during the Biden administration, when crypto-related lawsuits and investigations surged as part of a broader regulatory crackdown on the industry.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The SEC was satisfied with Gemini\u2019s agreement to contribute $40 million toward the full recovery of Gemini Earn investors\u2019 assets lost as a result of the Genesis bankruptcy. The US Securities and Exchange Commission\u2019s civil lawsuit against Gemini Trust Company and Genesis Global Capital in the Earn-related unregistered securities case has been dismissed with prejudice. […]<\/p>\n","protected":false},"author":1,"featured_media":545970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-545969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/545969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=545969"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/545969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/545970"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=545969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=545969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=545969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}