The U.S. 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 friendlier crypto stance under President Donald Trump, who promotes digital assets.
The exchange, now called Gemini Space Station, faced charges over an allegedly illegal lending program launched with Genesis.
New York regulators later secured a settlement that compensated users and barred Gemini from crypto lending locally.
Gemini debuted strongly on Nasdaq and is now valued at $1.14bn, according to LSEG.
SEC Dismisses Case Against Winklevoss Twins’ Gemini 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.
Add A Comment
The Mundo Post delivers powerful stories, breaking news, sports, and culture—bringing bold perspectives and timely updates to keep readers informed, inspired, and connected worldwide.
We’re social. Connect with us: