The US Securities and Exchange Commission dismissed its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets. Regulators cited full repayments to Gemini Earn users through the Genesis bankruptcy process in mid-2024. The decision reflects a friendlier crypto stance under Donald Trump, who pledged broader digital currency adoption. The exchange, now called Gemini Space Station, previously faced charges over an unregistered lending program. New York regulators later secured a settlement and banned Gemini’s lending operations in the state. The SEC stressed the dismissal does not affect other cases. Gemini later listed on Nasdaq and is valued at $1.14bn, according to LSEG.
SEC Drops Case Against Winklevoss 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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