The SEC dropped its lawsuit against the Winklevoss twins’ crypto exchange after investors fully recovered assets from the Gemini Earn program.
Regulators cited the complete return of crypto through the Genesis Global Capital bankruptcy between May and June 2024.
The decision reflects a more industry-friendly SEC approach under President Donald Trump.
Trump reversed stricter crypto enforcement policies and promoted broader digital currency adoption.
In 2023, the SEC accused Gemini and Genesis of illegally selling securities through a crypto lending program.
Genesis later returned customer assets in full, avoiding liquidation.
Gemini is now valued at $1.14bn following a strong Nasdaq debut.
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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