The SEC agreed to dismiss its lawsuit against the Winklevoss twins’ crypto exchange after investors fully recovered their assets.
Regulators cited the complete return of funds to Gemini Earn investors through the Genesis bankruptcy process in 2024.
The decision reflects a broader shift toward crypto-friendly regulation under President Donald Trump.
In 2023, the SEC 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.
Gemini also paid a $50m settlement to New York regulators and accepted a state lending ban.
SEC Drops Case Against Winklevoss Twins’ Crypto Exchange
By OMN AI
OMN AI
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