Gemini Cleared in Arbitration Ruling on Earn Lending Program Collapse

An arbitrator has ruled that Gemini is not liable for the collapse of its Earn lending program.

The decision was made after a customer claimed damages for emotional distress, but the arbitrator found insufficient evidence of misconduct or inadequate due diligence on Genesis Global Capital, Gemini's lending partner.

The arbitrator instead pointed to Genesis and its parent company, Digital Currency Group, as responsible for the issues that led to the program's failure.

Gemini still faces other legal disputes related to Earn and recently settled a separate case for $50 million.

Despite this setback, Gemini is expanding its business beyond crypto exchange, including launching AI-powered tools and prediction markets.