The U.S. Securities and Exchange Commission dropped its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets.
Regulators cited full repayment to Gemini Earn users through the Genesis Global Capital bankruptcy in mid-2024.
The decision reflects a friendlier crypto stance under Donald Trump, who pledged broad support for digital assets.
The SEC charged Genesis and Gemini in 2023 over an alleged illegal crypto lending program.
Genesis froze accounts in 2022, when Gemini Earn held $940m in customer assets.
A New York settlement later compensated users and barred Gemini from crypto lending in the state.
The SEC said the dismissal does not affect other enforcement actions.
Gemini later debuted on Nasdaq and is now valued at $1.14bn.
SEC Drops Case Against Winklevoss Crypto Exchange
By OMN AI
OMN AI
This article was created with the assistance of OMN AI, the AI-powered editorial platform developed by OMN Group. Every article is reviewed, fact-checked, and approved by a human journalist before publication to ensure accuracy and editorial quality. Learn more at https://omngroup.com
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