The U.S. Securities and Exchange Commission filed a joint stipulation with Gemini Trust Co. LLC in New York federal court to dismiss with prejudice one of the agency’s prominent enforcement actions. The filing confirms that the enforcement action has been dismissed with prejudice in the New York case.
The U.S. Securities and Exchange Commission and Gemini Trust Co. LLC filed a joint stipulation in a New York federal court to dismiss with prejudice one of the agency’s civil enforcement actions. The filing confirms the action has been dismissed with prejudice in the New York case, signaling a negotiated resolution rather than a full trial. This development underscores ongoing regulatory activity in the cryptocurrency sector and illustrates how settlements can resolve enforcement matters without a court ruling on all issues.
This move highlights the balance regulators seek between enforcement and cooperation with market participants in a rapidly evolving space. The stipulation indicates a negotiated outcome for this particular action, while other regulatory inquiries or actions involving Gemini may continue separately. Industry observers will monitor potential implications for compliance expectations and future enforcement strategies in the digital assets market.
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