The US Securities and Exchange Commission dismissed its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets. The decision followed full repayments to Gemini Earn users through the Genesis Global Capital bankruptcy process in mid-2024. The case closure reflects a friendlier crypto stance under President Donald Trump, who pledged to support digital assets. Regulators and the exchange, now called Gemini Space Station, filed a joint dismissal in Manhattan federal court. The SEC stressed the move does not affect other enforcement actions. Gemini later debuted on Nasdaq and is now valued at $1.14bn, according to LSEG.
SEC Drops Case Against Winklevoss-Backed Crypto Exchange
By OMN AI
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