The SEC‘s legal campaign against crypto giant Gemini is effectively over. Lawyers for both sides filed a motion stating they have a “resolution in principle” to settle the charges related to the Gemini Earn lending program.
This marks the latest in a string of abandoned enforcement actions by the SEC, which has dropped suits against Coinbase, Binance, and Ripple since the appointment of new agency head Paul Atkins.
The shift underscores a dramatic change in the regulatory landscape for digital assets, moving away from the litigation-heavy approach of the previous administration.
