Gemini lawyer says the ‘SEC is floundering’ in proving its case against the exchange
The SEC has two theories — that the Loan Agreements or that Gemini Earn itself constitutes security. which Baughman called 'absurd.'

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DCG stated that Gemini failed to attach its bankrupt subsidiary, Genesis, in the lawsuit.
Regulatory cloud in US prompts crypto hiatus for Revolut giving users until October to remove funds
Despite the ongoing regulatory pressure on U.S. exchanges, their offshore competitors saw much higher Bitcoin outflows in the past month.
DCG also reported that the company has appointed Mark Shifke as its new chief financial officer (CFO).
Winklevoss' final offer, which he calls "fair and reasonable for everyone," demands payment of $1.465 billion from DCG over 5 years.
Gemini's global trading volume sunk to 0.12% - key rivals continue market share expansion.