The US Securities and Exchange Commission dropped its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets. Regulators cited full repayments to Gemini Earn users through the Genesis bankruptcy process in mid-2024. The decision reflects a more industry-friendly approach under Donald Trump, who supports cryptocurrency adoption. In 2023, the SEC accused Gemini and Genesis of illegally selling securities through a lending program. Genesis froze $940m in assets during the 2022 market crash but later returned crypto in full. Gemini also settled with New York regulators and accepted a lending ban.
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.
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