SEC Moves to Drop Gemini Earn Lawsuit After Full Investor Asset Recovery on January 24

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.