The Securities and Exchange Commission (SEC) is considering dismissing a lawsuit against the Gemini exchange. The lawsuit, initiated in 2023, stemmed from allegations that Gemini offered unregistered securities in an effort to retain investors, according to reports. The development indicates a potential shift in the regulatory stance towards the exchange, though the full implications remain to be seen. The case highlights the ongoing scrutiny of cryptocurrency exchanges and their compliance with securities laws.

The Securities and Exchange Commission (SEC) is considering dismissing a lawsuit against the Gemini exchange. The lawsuit, initiated in 2023, stemmed from allegations that Gemini offered unregistered securities in an effort to retain investors, according to reports. The development indicates a potential shift in the regulatory stance towards the exchange, though the full implications remain to be seen. The case highlights the ongoing scrutiny of cryptocurrency exchanges and their compliance with securities laws.