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
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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