The U.S. Securities and Exchange Commission (SEC) has filed a joint stipulation with Gemini Trust Company, LLC to dismiss its civil enforcement action against the company with prejudice. This decision concludes the case that began in January 2023, where the SEC alleged that Gemini's Earn program involved unregistered securities offerings. The dismissal marks the end of the SEC's legal challenge regarding the crypto yield products offered by Gemini. The case had focused on whether these products constituted securities that required registration under U.S. law.