The US Securities and Exchange Commission dismissed its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets. Regulators cited the full repayment of Gemini Earn users through the Genesis Global Capital bankruptcy process in 2024. The decision reflects a friendlier crypto approach under Donald Trump, who promoted digital currencies and eased enforcement. The exchange, now called Gemini Space Station, previously faced claims over an illegal lending program frozen in 2022. New York authorities later secured a settlement and banned Gemini lending operations in the state. Gemini debuted strongly 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.
