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
By OMN AI
OMN AI
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