A potential decision could soon be in the long -term trial between the US Securities and Exchange Commission (SEC) and Gemini over the Crypto Company’s Earn Product.

The two submitted a joint request to the US District Court of Southern District in New York on Tuesday to consider a 60-day break in the case as they consider a potential decision.

Gemini was sued by SEC in January 2023 together with Lender Genesis Global Capital, claiming their Gemini servant has constituted an unregistered Supplementary Deputy Offer. In March 2024, Genesis ended a settlement of $ 21 million with its role in the program and solved its side of the case.

Since President Donald Trump returned to the office and appointed Mark Uyeda to acting SEC chairman, the regulator has stopped or fallen over a dozen crypto-related enforcement measures with reference to a reassessment of how securities laws apply to digital assets.