• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: 60 -day interim demand! The waters are settled between the giant crypto currency exchange and the SEC
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Regulations, Law & Policy > 60 -day interim demand! The waters are settled between the giant crypto currency exchange and the SEC
Regulations, Law & Policy

60 -day interim demand! The waters are settled between the giant crypto currency exchange and the SEC

vitalclick
Last updated: April 2, 2025 1:11 pm
2 months ago
Share
SHARE

There was a remarkable development in the long -term legal process between the US Securities and the Stock Exchange Commission (SEC) and Gemini, which operates in the field of crypto currency. The parties, the case for a period of 60 days to take a joint application to the court. This request is interpreted as an important signal for the resolution of ongoing disputes through negotiation. The court’s decision may also affect the course of the regulatory approach in the crypto currency sector.

The parties sit at the negotiating table

With SEC and Gemini, the New York Southern Regional Federal Court demanded temporarily stopping the proceedings in a joint petition. As a justification, comprehensive negotiations to be carried out between the parties were shown. This application points out that both sides want to avoid the weary effects of the case process and mutually evaluate the solutions.

The basis of the case is based on the accusation of SEC’s Gemini of the unlicensed securities proposal with the product “Gemini Earn ında in January 2023. The SEC argued that the way this product evaluates users’ funds contradicts financial regulations. Gemini defended himself by claiming that the product did not fall within the scope of securities. This contention became even more complex due to the uncertainty of legal definitions in the crypto currency.

Change of reconciliation with Genesis changed balances

Genesis Global Capital, one of Gemini’s former business partners, went to reconciliation with the SEC, paying a $ 21 million penalty under the same case in March 2024. This development is seen as a turning point that can affect both the direction of the case process and the strategy of SEC’s strategy against other parties. Following this step taken by Genesis, Gemini’s possibility of going to a similar path came to the agenda.

The voltage between SEC and Gemini is not only between the two institutions. The process points to a larger picture of crypto currency regulations in the United States. Such cases are closely monitored as it may be a precedent in terms of future practices. The fact that the parties are in search of reconciliation may encourage other actors in the sector to look for similar ways.

The changing regulatory attitude of Sec of SEC draws attention

With the introduction of Mark Uyeda to the SEC President after the US President returned to office, some changes began to be observed in the institution’s attitude towards the crypto currency market. During the Uyuma period, steps were taken such as canceling or suspending some previous cases. These changes cause interpretations that the regulatory institution adopts a more pragmatic and open approach to negotiations.

Companies operating in the crypto money market carefully monitor this new approach. In particular, on the legal ground where uncertainties are dominant, the possibility of reshaping regulations may directly affect companies’ strategies. The case between SEC and Gemini has the potential to affect the future of not only two sides but also the whole sector in this respect.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

You Might Also Like

Elon Musk’s Supportive Suggestion for Cryptocurrencies

Operation Choke Point 2.0: How did the end of Biden management affect the crypto sector

If this law arises, public officials will not be able to invest crypto money!

Old Bank CEO and Crypto Money Fraud

Hot Development: Cryptocurrency Statement from the Capital Markets Board

TAGGED:law
Share This Article
Facebook Twitter Email Print
Previous Article Can Reduced Selling Pressure Drive a Surge?
Next Article Zcash (ZEC), EOS, And Cronos (CRO) Rally
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?