The US Securities and Exchange Commission agreed to drop its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered assets.
The decision follows the full repayment of Gemini Earn investors through the Genesis Global Capital bankruptcy process in 2024.
The move reflects a broader shift toward crypto-friendly regulation under President Donald Trump.
Trump reversed stricter enforcement policies, pardoned Binance founder Changpeng Zhao, and promoted wider crypto adoption.
The SEC said the dismissal does not affect other enforcement actions.
Gemini later debuted on Nasdaq and now holds a valuation of $1.14bn.
SEC Drops Case Against Winklevoss Twins’ Crypto Exchange
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