SEC Drops Case Against Winklevoss Twins’ Crypto Exchange

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.