A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company’s Earn product.

The two submitted a joint request to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case as they consider a potential resolution.

Gemini was sued by the SEC in January 2023, alongside lender Genesis Global Capital, alleging their Gemini Earn product constituted an unregistered securities offering. In March 2024, Genesis finalized a $21 million settlement with its role in the program, resolving its side of the case.

Since President Donald Trump returned to office and appointed Mark Uyeda as acting SEC chair, the regulator has halted or dropped over a dozen crypto-related enforcement actions, citing a reassessment of how securities laws apply to digital assets.

The number one question on investors’ minds is whether an asset has hit its bottom after being in a sustained downtrend for an extended period of time.

Recent price action suggests that bitcoin (BTC) may have found its bottom just above $76,000 on March 10. This move has formed a pattern reminiscent of previous bottoming events in recent history.

In this current correction, bitcoin fell 30% from it’s all-time high of $109,000 reached on Jan. 20. After hitting a low on March 10, it recorded higher lows on both sides of that date—around $78,000 on Feb. 28 and just above $81,000 on March 31—forming a triangular bottom.

A similar pattern played out during the yen carry trade unwind in August 2024, when bitcoin bottomed near $49,000 on Aug. 5. Again, higher lows were seen on either side: on July 7 and September 7.

Another instance occurred during the launch of the U.S. spot bitcoin ETFs in January 2024. Bitcoin experienced a 20% correction, hitting a low just below $40,000 on Jan. 23, with higher lows on both sides of that date as well.

Omkar Godbole, managing editor of CoinDesk Markets, also points to signs that bitcoin could be bottoming out, noting the emergence of a bullish structure. “The latest pattern, indicating a shift from lower lows to higher lows and signifying seller exhaustion, resembles bottoming patterns seen in August and early 2024,”.

«There’s reason to consider the possibility of renewed bullish momentum—though, as always, external risks like Trump’s tariffs could disrupt the trend», Godbole says.

Amber Group’s (AMBR) listing on Nasdaq earlier this month paves the way for more crypto companies to take the same path, said Paul Veradittakit, a partner at Pantera Capital.

Pantera was an early investor in the Hong Kong-based provider of crypto financial services to institutions, whose subsidiary Amber International listed on the exchange on March 13.

Public listings of crypto-focused companies will attract institutional investors who previously lacked a structured way to enter the crypto space while also bringing in fresh capital, which analysts have noted the crypto market is currently lacking, Veradittakit said in an interview.

«We are going to see a lot of U.S. companies hitting the public markets,” he said, noting that 10 companies in Pantera’s portfolio are considering the move..

Crypto custody companies, stablecoin issuers and developer platforms are considering the process, he said. On Tuesday, Circle, the issuer of the USDC stablecoin, said it filed to go public on the New York Stock Exchange.

Veradittakit emphasized that clearer and more supportive regulation in the U.S. provides important «tailwinds» for crypto IPOs, helping international companies like Amber see opportunities to list publicly in the country.

Amber’s listing also shows that the crypto market is not a zero-sum game between Asia and the U.S., but rather as a bridge connecting U.S. liquidity with Asian innovation and expertise, according to CEO Wayne Huo, who emphasized that the overall financial market is large enough for cooperation.

“In the past, we’ve seen technology breakthroughs are the fastest when the East and the West work together,” he said.

Amber intends to use the capital and visibility from the listing to support its international expansion and the development of institutional crypto financial services. The company’s shares closed at $11.38 on Tuesday, giving it a market cap of about $1 billion.

“Right now, it’s just the beginning of our much, much bigger stage going forward,” Huo said.