Gemini has vehemently responded to the U.S. Securities and Exchange Commission (SEC) in a captivating legal showdown. The renowned cryptocurrency exchange, alongside its troubled partner, the bankrupt lender Genesis, is gearing up for an intense legal battle as it aims to challenge the SEC's lawsuit targeting its groundbreaking Earn Product. Gemini firmly rejects the SEC's claims, denouncing them as "ill-conceived," and steadfastly maintains that its innovative Earn product, designed to offer crypto depositors attractive yields, does not fall under the category of a security.