US JUDGE DENIES MOTIONS TO DISMISS SEC'S LAWSUIT AGAINST GEMINI EARN PROGRAM

Summary from the TLDR Crypto newsletter

A US district judge has rejected the requests of crypto exchange Gemini and crypto lender Genesis to dismiss a case initiated by the SEC concerning the Gemini Earn program. Judge Edgardo Ramos found that the SEC "plausibly alleged" that both parties offered and sold unregistered securities. Genesis and Gemini were first charged by the SEC in January 2023.