According to a court filing on January 24, the U.S. SEC moved to dismiss its lawsuit against Gemini over the discontinued Earn product after investors recovered all of their assets. The case had centered on allegations that Gemini Earn involved the sale of unregistered securities and followed a period when withdrawals were halted in 2022. Market participants see the dismissal as offering some legal clarity for crypto products, while analysts still warn of ongoing regulatory pressure across the sector.

On January 24, the U.S. SEC moved to drop its lawsuit against Gemini over the now‑defunct Earn program after investors had recovered 100% of their assets. The move eases legal pressure on Gemini but leaves broader questions around crypto regulation and compliance. At the same time, Bitcoin trades around $89,424.44 with a $1.79 trillion market cap and a 59.17% dominance, reflecting a volatile yet influential market backdrop.

Shiba Inu is stabilizing near local support after a prolonged decline, indicating that bearish momentum is easing even though the token remains below major moving averages. Ethereum is consolidating in a tight range near key resistance levels, where its next move could shape the medium-term trend, while XRP continues to hover around $2 without a decisive breakout. Overall market structure suggests potential for recovery, but prices for these assets still sit at critical technical crossroads.

On 23 January, the U.S. Securities and Exchange Commission filed a joint stipulation to dismiss with prejudice its civil case against Gemini Trust Company. The agency cited the 100% in‑kind return of assets to Gemini Earn customers and prior settlements as key factors, closing a closely watched enforcement matter tied to 2022 yield products.

In the lead-up to a Senate Agriculture Committee hearing next week on a broad crypto market structure bill, lawmakers have submitted multiple amendments targeting ethics and regulatory timing. One proposal from Sen. Michael Bennet would bar top federal officials and members of Congress from certain digital asset transactions, while another from Sen. Amy Klobuchar would postpone the bill's effective date until at least four CFTC commissioners are in place. The amendments also touch on digital asset kiosks and potential conflicts tied to Donald Trump's crypto-related ventures.

The US Securities and Exchange Commission’s civil action against Gemini Trust Company and Genesis Global Capital over the Gemini Earn program has been dismissed with prejudice in the Southern District of New York, pending a federal judge’s approval of the joint stipulation. The regulator accepted the outcome after Gemini agreed to contribute up to $40 million to support a full in-kind recovery of Gemini Earn investors’ crypto assets through the Genesis bankruptcy, while Genesis separately agreed to a $21 million settlement with the SEC.

XRP has slipped under the $2.00 level after a 19% pullback from its Jan. 5 high, with social sentiment dropping into the “Extreme Fear” zone. Shiba Inu's trading activity has sunk to its lowest reading of 2026, reflecting weak engagement from both buyers and sellers. Dogecoin is fluctuating between Bollinger Bands at $0.1226 and $0.1554, hinting at a possible 30% price swing as volume and momentum pick up.

Binance is considering relaunching stock trading roughly four years after removing stock tokens in 2021 amid regulatory pressure, as reported by The Information. The move would come as Coinbase, Bitpanda, the NYSE and DTCC roll out equity and tokenization initiatives, and as regulatory clarity and institutional participation in on-chain markets grow. Binance has also applied for a Markets in Crypto-Assets license in Greece ahead of the EU’s June 2026 transition deadline.