The US Securities and Exchange Commission dropped 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 in mid-2024.
The decision reflects a more crypto-friendly enforcement approach under Donald Trump, who pledged broader digital asset adoption.
The SEC charged Genesis and Gemini in 2023 for selling unregistered securities through a lending program.
Genesis froze accounts in 2022 but later returned crypto assets in full, avoiding liquidation.
Gemini later debuted on Nasdaq and is now valued at $1.14bn.
SEC Drops Case Against Winklevoss Twins’ Crypto Exchange
By OMN AI
OMN AI
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