Bloomberg: SEC and Gemini Reach “Principle Agreement” to Fully Settle Multi-Year Lawsuit, Court Docs Say

According to Bloomberg and cited court filings on September 16, the U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have reached a “principle agreement” to fully resolve a multi‑year lawsuit. The proposed settlement remains contingent on formal Commission review and approval, and both parties have jointly requested a suspension of all pending deadlines while that process is completed. The filings reflect a negotiated resolution rather than a judicial determination, and do not obviate the need for regulatory sign‑off before the agreement takes effect. Market participants should regard this as a procedural development until definitive documents are filed and publicly disclosed.