SEC and Gemini ask to pause lawsuit to explore potential resolution
The Securities and Exchange Commission and Gemini have asked for a 60-day stay of the regulators lawsuit to explore a potential resolution.
The US Securities and Exchange Commission and crypto exchange Gemini have asked to pause the regulators suit over the exchanges Gemini Earn program, saying they want to discuss a potential resolution.
In an April 1 letter to New York federal court judge Edgardo Ramos, lawyers representing the SEC and Genesis requested a 60-day hold on the case and that all deadlines be pulled to allow the parties to explore a potential resolution.
In this case, the parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay, the letter states.
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Text source: CurrencyCrypt
