SEC Drops Case Against Winklevoss-Founded Gemini

The US Securities and Exchange Commission dismissed its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets.
The decision follows a broader shift toward friendlier crypto regulation under President Donald Trump.
Regulators cited the full repayment of Gemini Earn investors through the Genesis Global Capital bankruptcy process in 2024.
The SEC originally charged Gemini and Genesis in 2023 over the illegal sale of securities.
New York regulators later secured a settlement that compensated users and banned Gemini lending programs locally.
The SEC stressed the dismissal does not affect other enforcement actions.