Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bubblemaps V2 Goes Live on BNB Chain, Unlocking Deep Token Transparency

23/05/2025

Marinade’s MNDE gains 30% amid Solana DeFi revival, new gov initiative

23/05/2025

XRP Lawyer Warns What Will Happen If Stablecoin Bill Fails

23/05/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Why isn’t Bitcoin rising today?

    23/05/2025

    The corporate interests taking over Bitcoin development

    23/05/2025

    Will Bitcoin’s bullish cross send BTC to $150k?

    22/05/2025

    Bitwise CEO Says Amid 0.84% Inflation Rate

    22/05/2025

    BlackRock’s $8.65M ETH Buy Sparks Market Buzz

    23/05/2025

    Ethereum sees smart wallet activity spike as Pectra impact is felt

    23/05/2025

    Ethereum Dips to $2,400 Amid Market Correction: Is $2,200 Next?

    23/05/2025

    Ethereum price dips as a whale capitulates with a big loss

    22/05/2025

    Marinade’s MNDE gains 30% amid Solana DeFi revival, new gov initiative

    23/05/2025

    TRON DAO Chooses Chainlink To Power Safer DeFi Data

    23/05/2025

    NodeAI to Drive Next-Gen AI Agents in Strategic Collaboration with Fetch.ai

    23/05/2025

    Here’s why RIZE crypto is down over 40% today

    23/05/2025

    Hashrate Hackers Introduces Ordinals NFT Collections Backed by Bitcoin Hashrate

    22/05/2025

    FIFA Kicks Off Avalanche L1 to Power Soccer NFT Collectibles Platform

    22/05/2025

    Guild of Guardians Leads with a Massive $796.62K Volume

    20/05/2025

    Solana Meme Coin Ponke Set to Release Collectibles, Apparel Via JCorp Spinout

    19/05/2025

    Bubblemaps V2 Goes Live on BNB Chain, Unlocking Deep Token Transparency

    23/05/2025

    Marinade’s MNDE gains 30% amid Solana DeFi revival, new gov initiative

    23/05/2025

    XRP Lawyer Warns What Will Happen If Stablecoin Bill Fails

    23/05/2025

    EVEN Launches Dedicated Avalanche Chain to Power the Future of Fan-First Music

    23/05/2025
  • Blockchain

    Bubblemaps V2 Goes Live on BNB Chain, Unlocking Deep Token Transparency

    23/05/2025

    EVEN Launches Dedicated Avalanche Chain to Power the Future of Fan-First Music

    23/05/2025

    Kalp Network Partners with Luffa to Boost Web3 Privacy and RWA Access

    21/05/2025

    Zimbabwe rolls out blockchain-based carbon credit market system

    21/05/2025

    Nitro Labs Launches Data Anchor to Cut Solana Storage Fees

    21/05/2025
  • DeFi

    Coinbase veterans secure $11m to launch stablecoin-native DeFi app on Solana

    22/05/2025

    The Next Frontier In Decentralized Finance

    22/05/2025

    Jupiter Exchange to Integrate Chainlink Data Streams into Perpetual Trading Markets

    22/05/2025

    OKX launches xBTC on Sui while Bitcoin nears $109K ATH

    22/05/2025

    Usual’s stablecoin USD0 goes live on Fluid, unlocking dual yields for LPs

    21/05/2025
  • Metaverse

    South Korean Actor Hwang Jung-eum Faces Backlash for Embezzling $3 Million to Buy Crypto

    20/05/2025

    Field Guide’ Short Film Using Generative AI

    15/05/2025

    Bitgert Partners DigiGoal to Launch ZK-Powered Sports Metaverse

    04/05/2025

    HAPE Social Partners with Decentraland to Bring Virtual Fashion at Metaverse Fashion Week

    06/04/2025

    Napster Snapped Up for $207 Million to Build Music Metaverse

    25/03/2025
  • Regulation

    Metaplanet’s Stock Hits 3-Month High After $104 Million Bitcoin Purchase

    23/05/2025

    Nvidia to Build AI Supercomputer and New HQ in Taiwan

    23/05/2025

    Crypto Investment Products Fully Recover From $7B Outflows Seen in February-March

    23/05/2025

    Pioneer Explains Why Crypto Has Not Achieved Its Potential in the Payments Sector

    22/05/2025

    DigiAsia’s stock soars on plan to allocate 50% of profits to Bitcoin

    22/05/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Bithumb grabs 25% of Korea’s crypto market ahead of $1B IPO

    22/05/2025

    XRP Futures Rack Up $1.5M Trading Volumes on CME Debut

    22/05/2025

    Binance Seeks Dismissal of FTX’s $1.76B Clawback Suit, Calling It ‘Legally Deficient’

    22/05/2025

    DePIN Union and Terminus Partner to Redefine Crypto Payments Across Asia

    22/05/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Crypto game Ember Sword shuts down after 7 years of development

    23/05/2025

    MetaDOS Partners with GaFin to Reshape the Future of Web3 Gaming

    23/05/2025

    Moonbeam Launches Web3 Gaming Hub to Power the Next Era of Blockchain Games

    21/05/2025

    Crypto gaming startup Voya Games gets $5M for dinosaur-themed crafting sim

    21/05/2025

    Russia Could Relocate Bitcoin Miners To Northern Regions: Report

    22/05/2025

    Bitcoin Mining Profitability Fell in April as Network Hashrate Rose: Jefferies

    22/05/2025

    Bitcoin Mining Startup Sangha Sees $42M Revenue as It Breaks Ground on West Texas Pilot Project

    21/05/2025

    Bitcoin Miners Sold Record Amount of BTC Ahead of May’s Price Surge

    21/05/2025

    XRP Lawyer Warns What Will Happen If Stablecoin Bill Fails

    23/05/2025

    Vote to Take Place Today

    23/05/2025

    Senate Dems Gear Up Resistance as Stablecoin Bill Meets Test Most Think Will Succeed

    22/05/2025

    Breaking the law can be productive (for everyone)

    22/05/2025

    Bubblemaps V2 Goes Live on BNB Chain, Unlocking Deep Token Transparency

    23/05/2025

    Marinade’s MNDE gains 30% amid Solana DeFi revival, new gov initiative

    23/05/2025

    XRP Lawyer Warns What Will Happen If Stablecoin Bill Fails

    23/05/2025

    EVEN Launches Dedicated Avalanche Chain to Power the Future of Fan-First Music

    23/05/2025
  • MarketCap
NBTC News
Home»Legal»SEC, Gemini Seek 60-Day Pause on $900M Crypto Lending Case
Legal

SEC, Gemini Seek 60-Day Pause on $900M Crypto Lending Case

NBTCBy NBTC03/04/2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Securities and Exchange Commission and Gemini Trust jointly filed a motion Tuesday requesting a 60-day pause in their high-profile legal battle over the exchange’s crypto lending program.

Filed in Manhattan federal court, the motion asks to suspend all deadlines in the SEC’s January 2023 lawsuit.

The lawsuit had alleged that the Winklevoss twins’ exchange failed to register their Gemini Earn program before offering it to retail investors.

The joint letter was sent “to allow the parties to explore a potential resolution,” the April 1 filing reads, signed by attorneys from both sides.

Doing so “is in the Court’s and the public’s interest” because reaching a resolution “would conserve judicial resources.”

Notably, the motion did not specify whether that “potential resolution” would involve a settlement, dismissal, or a different agreement.

If the motion to stay gets granted, both parties proposed submitting a joint status report within the 60-day pause.

Earlier in February, the SEC signaled that it was softening its stance and cleared Gemini from its previous probe.

Decrypt has reached out to Gemini and SEC representatives but did not receive responses by press time.

From frosty reception to clearer signals

The request aligns with the rapid dismantling of crypto enforcement actions and cases since President Donald Trump took office in January.

Former SEC Chair Gary Gensler had previously branded crypto markets the “Wild West” during his tenure under Biden, pursuing numerous enforcement actions leveled against major industry players.

Genesis, which held $900 million from approximately 340,000 Gemini Earn customers in 2022, agreed to pay a $21 million fine in February 2024 to settle its portion of the case, as Gensler pushed ahead to police the industry.

The lender halted customer withdrawals in November 2022 amid market turmoil following FTX’s collapse and filed for bankruptcy two months later.

Under acting Chair Mark Uyeda, the SEC has dropped cases against Coinbase and Binance and has withdrawn legal threats against Robinhood, Uniswap, and OpenSea, among other crypto firms.

Edited by Sebastian Sinclair

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

XRP Lawyer Warns What Will Happen If Stablecoin Bill Fails

23/05/2025

Vote to Take Place Today

23/05/2025

Senate Dems Gear Up Resistance as Stablecoin Bill Meets Test Most Think Will Succeed

22/05/2025

Breaking the law can be productive (for everyone)

22/05/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bubblemaps V2 Goes Live on BNB Chain, Unlocking Deep Token Transparency

23/05/2025

Marinade’s MNDE gains 30% amid Solana DeFi revival, new gov initiative

23/05/2025

XRP Lawyer Warns What Will Happen If Stablecoin Bill Fails

23/05/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.