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
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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