FTX has received court approval to dismiss approximately 500,000 creditor claims from users who failed to complete Know Your Customer (KYC) verification by March 3, 2025. This decision, confirmed in a filing on April 2, 2025, affects claims totaling around $2 billion. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is seeking a 60-day delay in its enforcement action against Gemini Trust, which it sued in 2023 for allegedly raising billions illegally through the Gemini Earn program. The SEC's request aims to explore a potential resolution to the case, which involves the Winklevoss twins, co-founders of Gemini. The SEC's motion was filed in a New York federal court, highlighting ongoing discussions about the legal status of cryptocurrency operations in the U.S.