SEC and Gemini’s $1.1B Comedy of Errors Nears Grand Finale!
After what feels like an epic drawn-out trial worthy of Woland’s most diabolical machinations, nearly three years have passed since the SEC first zeroed its righteous gaze upon Gemini Trust and its high-yield Earn program. A recent pronouncement from the hallowed U.S. District Court for the Southern District of New York confirms a “resolution in principle”-a phrase dripping with bureaucratic ambiguity-that might bring the curtain down on this theatrical lawsuit. Naturally, this grand finale still awaits the commission’s benediction before becoming official, as all things must in this world of red tape and irony.