SEC Case Against Gemini and Genesis Dismissal With Prejudice, Filed January 2023

The U.S. Securities and Exchange Commission's civil case against Gemini Trust Company and Genesis Global Capital has been dismissed with prejudice; according to court filings, the parties jointly moved to dismiss in the Southern District of New York. Filed in January 2023, the matter still requires approval from a federal judge to become final. Once finalized, the SEC cannot reassert the same claims.