🚨 Crypto Drama Alert: SEC Hits Pause 🤔

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Breaking news, folks! 📰 The SEC, aka the Crypto Police, just asked for a 60-day time-out in their lawsuit against Gemini. Because, you know, suing people is exhausting 🤯. But seriously, this could mean a resolution is near… or they just really need a summer break 🌞.

SEC’s Gemini Lawsuit: To Be Continued… Maybe

In a joint motion that screams “we’re trying to adult here,” the SEC and Gemini asked a New York court to press pause for two whole months. The reason? They want to “explore a potential resolution.” Translation: they might settle, dismiss, or just have a group hug 🤗 – who knows?!

Quick recap: the SEC initially sued Gemini in 2023 for allegedly raising billions through its Gemini Earn program without permission (naughty, naughty!). Meanwhile, Gemini was all, “Hey, NY regulators, we’ll return at least $1.1 billion to customers, kthxbye” 🤑.

If the court is like, “Sure, take your time,” both parties will submit a joint status report in 60 days. Cue speculation: are they secretly BFFs now, or just playing a game of regulatory chicken 🐓?

Is the SEC Going Soft on Crypto? 🤷‍♀️

Since the regime change (hello, President Trump! 👋), the SEC, under acting Chair Mark Uyeda, has been all like, “You know what, let’s just drop it” 🎶:

  • Robinhood: dropped
  • Uniswap: dropped
  • Immutable and OpenSea: yep, dropped those too
  • Coinbase and Kraken: lawsuits gone, poof! 🔮
  • Ripple: the SEC finally waved the white flag 🏴️

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2025-04-02 13:38