The US Securities and Exchange Commission has dismissed its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets.
Regulators cited the full repayment of Gemini Earn customers through the Genesis Global Capital bankruptcy process in mid-2024.
The decision reflects a broader shift toward friendlier crypto regulation under President Donald Trump.
Trump reversed stricter enforcement policies, pardoned Binance founder Changpeng Zhao, and promoted wider digital asset adoption.
The SEC stressed the dismissal does not affect other ongoing enforcement actions.
Gemini later debuted on Nasdaq and is now valued at $1.14bn, according to LSEG.
SEC Drops Case Against Winklevoss Twins’ Crypto Exchange
Andrew Rogers
Andrew Rogers is a freelance journalist based in Chicago, USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He graduated with a degree in Journalism from the University of Florida. Over the years, he has contributed to leading outlets such as The New York Times, CNN, and Reuters. Recognized for his sharp reporting and thoughtful analysis, Andrew delivers accurate and timely news that keeps readers updated on key national and global developments.
Add A Comment