Wu Shuo learned that the U.S. Securities and Exchange Commission today filed a joint agreement with the defendant Gemini Trust Company, LLC with the court, dismissing the ongoing civil enforcement action against the company and dismissing the claim that the same matter cannot be re-litigated. The case originated from an enforcement action initiated by the SEC in January 2023 regarding the Gemini Earn project, alleging that the related crypto asset yield products involved unregistered securities offerings.