The US SEC and Gemini Trust reach a “resolution in principle” to resolve a securities case from a 2023 complaint. Both parties requested indefinite stay in litigation, with another status report due by Dec. 15. The case involved unregistered sale of securities to US retail investors from 2021 to 2022.

SEC and Genesis Global Capital settle a $21 million case. Gemini faces no enforcement action after a separate investigation. The case alleged that investors sent assets through Gemini’s Earn Program expecting interest, without proper disclosures. Winklevoss twins, supporters of Trump, maintain ties to White House.

Gemini co-founders pressed Trump to reconsider CFTC chair nomination. White House delayed hearing on nominee Quintenz. Screenshots of texts show Winklevosses seeking assurances on enforcement actions. Gemini raises $425 million in IPO, selling 15.2 million shares. Privacy concerns in US crypto policy post-conviction.

Read more at cointelegraph.com: SEC, Gemini Trust Reach Agreement Over Lending Dispute