SEC Drops Gemini Civil Enforcement Case With Prejudice After Earn Repayments

On January 24, 2026, the U.S. Securities and Exchange Commission ended its civil enforcement action with prejudice against Gemini Trust Company, LLC. The case, tied to the Gemini Earn lending program and a January 12, 2023 complaint in the Southern District of New York, was dismissed following a joint stipulation and full in-kind return of crypto assets to Earn investors.