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Wu Blockchain (@WuBlockchain): The U.S. Securities and Exchange Commission today filed a joint stipulation with Gemini Trust Company, LLC to dismiss, with prejudice, its ongoing civ…

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The U.S. Securities and Exchange Commission today filed a joint stipulation with Gemini Trust Company, LLC to dismiss, with prejudice, its ongoing civil enforcement action against the company. The case originated from an enforcement action initiated in January 2023 concerning the Gemini Earn program, in which the SEC alleged that the crypto yield products constituted unregistered securities offerings. https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26465#:~:text=SEC%20Announces%20Dismissal%20of%20Civil,civil%20enforcement%20action%20against%20it.

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