The SEC agreed to dismiss its lawsuit against the Winklevoss twins’ crypto exchange after investors fully recovered their assets.
The decision reflects a friendlier regulatory approach toward cryptocurrencies under President Donald Trump.
Regulators cited the complete repayment of Gemini Earn investors through the Genesis Global Capital bankruptcy in 2024.
The case originally accused Gemini and Genesis of illegally selling securities through a crypto lending program.
Genesis froze accounts in 2022 but later returned customer assets in full.
The SEC stressed the dismissal does not affect its stance in other crypto enforcement cases.
SEC Drops Case Against Winklevoss Twins’ Crypto Exchange
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
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