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The SEC has dismissed its lawsuit against Gemini Trust over the Gemini Earn program after investors fully recovered their assets. This decision marks the end of a three-year legal battle that began when Gemini Earn was accused of offering unregistered securities. The ruling prevents the SEC from bringing similar claims against Gemini in the future.
Roger Ver is taking legal action against Spain to prevent his extradition to the United States, where he faces charges of tax evasion related to $48 million he owes to the IRS. He could face a prison sentence of up to 109 years due to undisclosed crypto asset sales from his companies, which he allegedly failed to report while living abroad.
Coinbase is suing Oregon Governor Tina Kotek for public records related to the state's lawsuit against the exchange, claiming a sudden shift in policy regarding cryptocurrency regulation. The state had previously argued that cryptocurrencies were not classified as securities, but later filed charges alleging that Coinbase sold unregistered securities to Oregonians. Coinbase contends that these policy changes should involve public debate and transparency.