PANews reported on April 2 that according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) told the New York federal court that it hopes to "explore potential solutions" to settle its lawsuit against Gemini Trust, a crypto exchange owned by the Winklevoss twins. The SEC and Gemini Trust jointly requested on Tuesday to postpone the civil lawsuit for 60 days. Before Trump took office in January this year, Gemini had agreed to pay $5 million to reach a settlement with the U.S. Commodity Futures Trading Commission (CFTC).

The SEC sued Gemini in 2023, accusing the exchange and crypto lending institution Genesis Global Capital of illegally raising billions of dollars in crypto assets through the "Gemini Earn" project. Last year, Gemini agreed to return at least $1.1 billion to customers in another settlement with New York state regulators. The Trump administration has now withdrawn its enforcement actions against several crypto companies.