SEC and Winklevoss’ Gemini Trust to Explore Lawsuit ‘Resolution’

The US Securities and Exchange Commission told a federal judge in New York it wants to “explore a potential resolution” of its enforcement suit against the Winklevoss twins’ Gemini Trust Co. cryptocurrency exchange.

The SEC and Gemini Trust on Tuesday asked for a 60-day delay in the civil enforcement case, which was one of many begun during former President Joe Biden’s administration as it sought to assert regulatory authority over cryptocurrencies. In January, before Donald Trump took office, Gemini agreed to pay $5 million to settle a case with the Commodity Futures Trading Commission.

The SEC sued Gemini in ...