The US Securities and Exchange Commission agreed to dismiss its lawsuit against the Winklevoss twins’ crypto exchange on Friday.
The decision followed the full recovery of assets by investors in the Gemini Earn lending program.
Regulators cited the return of funds through the Genesis Global Capital bankruptcy process in mid-2024.
The move reflects a more industry-friendly approach to crypto regulation under President Donald Trump.
Trump has promoted digital currencies and reversed stricter enforcement policies introduced under Joe Biden.
The SEC stressed the dismissal does not affect its stance on other crypto cases.
SEC Drops Case Against Winklevoss Twins’ Crypto Exchange
Andrew Rogers
Andrew Rogers is a freelance reporter based in Miami, USA, with over 10 years of experience covering a wide range of topics, including General News, World Affairs, Business, Technology, Politics, Finance, Health, Lifestyle, Sports, and Travel. He holds a degree in Journalism from the University of Florida and is known for his keen eye for detail and dedication to delivering accurate and engaging stories. His reporting keeps readers informed about the latest events and trends across the nation and around the world.
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