Gemini Earn Case Adds to Growing List of Dropped Crypto Lawsuits

[madtrader]

The dismissal of the SEC’s case against Gemini and Genesis is part of a broader trend of crypto-related lawsuits being dropped under the current U.S. administration. The case initially began in January 2023 amid a wave of regulatory scrutiny of crypto lending and trading platforms.

Other recent dropped or settled cases include actions involving Binance, Kraken, Uniswap, Immutable, and Robinhood, reflecting a shift toward deregulation in the sector. The Department of Justice also recently dismissed its NFT insider trading case against a former OpenSea manager following a federal appeals court reversal of his convictions.

[Revenant]

Regulatory pressure clearly easing now.

[The_Walking_Dead]

This changes the tone for crypto in the US.

[Capybara_Capybara]

Legal clarity matters more than lawsuits.