From Courtroom Battle to Handshake: Gemini and SEC Forge a Path to Settle Earn Lawsuit

A prolonged courtroom fight between the Winklevoss twins’ Gemini exchange and the US SEC is heading toward a peaceful conclusion.

The two adversaries have jointly announced a “resolution in principle,” signaling a deal is imminent to resolve allegations that the Gemini Earn program broke securities laws. This truce arrives as the SEC itself undergoes a transformation.

Under its new leadership, the regulator has launched “Project Crypto” to modernize its rules and has chosen to dismiss several major lawsuits, positioning the potential Gemini settlement as part of a broader strategic pivot in how Washington regulates digital assets.