SEC dismisses Gemini Earn case with prejudice after 100% restitution on 23 January

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.