The US Securities and Exchange Commission dropped its lawsuit against the Winklevoss twins’ crypto exchange after investors recovered all assets.
Regulators cited the full repayment of Gemini Earn customers through the Genesis Global Capital bankruptcy in mid-2024.
The decision reflects a friendlier crypto stance under President Donald Trump, who pledged broader digital asset adoption.
The SEC stressed the dismissal does not affect other enforcement actions.
The exchange, now known as Gemini Space Station, later debuted strongly on Nasdaq.
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