The U.S. Securities and Exchange Commission dropped its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered assets. Regulators cited the full repayment of Gemini Earn customers through the Genesis Global Capital bankruptcy. The decision reflects a friendlier crypto stance under President Donald Trump. The SEC charged Gemini Trust Company and Genesis in 2023 over illegal securities sales. Gemini Earn froze accounts in 2022 with $940m in assets. New York authorities later secured a $50m settlement and banned Gemini lending locally. Gemini later debuted on Nasdaq and is valued at $1.14bn, according to LSEG.
SEC Dismisses 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.