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The Winklevoss twins, billionaires and founders of the Gemini cryptocurrency exchange, are exploring a potential resolution to a lawsuit from the U.S. Securities and Exchange Commission (SEC) concerning their Gemini Earn program, which allegedly operated without proper registration. A recent joint motion in federal court requested a 60-day extension to negotiate a possible settlement or other outcomes. This case follows the SEC's larger efforts to regulate the cryptocurrency industry, signaling a shift in oversight levels.
Source: YAHOO