The United States Securities and Exchange Commission (SEC) and the Gemini crypto-rope requested a 60-day pause from the court in the proceedings on the Gemini Earn investment program. The parties are looking for a mutually beneficial exit from a legal conflict.

Gemini and SEC lawyers filed a joint letter to the Manhattan Federal Court with a request to suspend the trial for two months. Participants in the trial said that the pause in the case will avoid a protracted legal confrontation, maintain the resources and reputation of both parties, and also give extra time to prepare the option of extrajudicial termination of the proceedings.

Gemini reported that Genesis Global Capital, the main person involved in the case of the illegal proposal of unregistered securities Gemini Earn, has already paid $ 21 million to resolve the SEC complaints. However, the case against Gemini is still open.

Both parties pledged to submit to the Manhattan court a report on the agreements reached after 60 days.

Earlier, the chief legal adviser of the Coinbase Exchange Paul Grewal criticized the statement of the US Department of Finance about the non -judicial termination of the Tornado Cash proceedings and the exclusion of cryptomixer from the SPECIILALLY DESIGNATED NATIONALS (SDN) sanctions list. Paul Griel believes that in this way the US Treasury is trying to avoid the responsibility and legal assessment of the once-made claims.