The Securities and Exchange Commission (SEC) has dismissed its civil action against Gemini. According to reports, the SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets. These assets were reportedly lost due to the Genesis bankruptcy. The dismissal with prejudice indicates that the case cannot be brought again, resolving the legal matter between the SEC and Gemini concerning the Gemini Earn program and its connection to the Genesis bankruptcy.

The Securities and Exchange Commission (SEC) has dismissed its civil action against Gemini. According to reports, the SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets. These assets were reportedly lost due to the Genesis bankruptcy. The dismissal with prejudice indicates that the case cannot be brought again, resolving the legal matter between the SEC and Gemini concerning the Gemini Earn program and its connection to the Genesis bankruptcy.