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The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Gemini, the cryptocurrency exchange founded by the Winklevoss twins. This move follows a settlement with New York, which ensured investors in the Gemini Earn program received their assets back.
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美國證券交易委員會（SEC）已撤銷對 Winklevoss 兄弟創立的加密貨幣交易所 Gemini 的訴訟。此舉是在紐約達成和解後，確保 Gemini Earn 計劃的投資者能取回其資產。
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Posted:
The Securities and Exchange Commission has dropped its lawsuit against Gemini, the crypto exchange founded by twins Cameron and Tyler Winklevoss.
The Winklevoss twins were donors to Donald Trump’s re-election campaign and also backed his family’s business ventures.
In a joint filing on Friday, the SEC and Gemini asked the court to dismiss the lawsuit, which centered on the collapse of an investment product called Gemini Earn, with some investors losing access to their money for 18 months.
New York Attorney General Letitia James sued Gemini in 2023 and accused the company of defrauding investors. To justify dismissing the SEC’s case, the new filing points to a 2024 settlement between New York and Gemini, with investors ultimately receiving “one hundred percent of the crypto assets they had loaned […] through the Gemini Earn program.”
This appears to be a larger pattern of leniency from the Trump administration towards the crypto industry. The New York Times previously reported that the SEC has either dismissed, paused, or reduced penalties in more than 60 percent of the crypto lawsuits pending when Trump took office last year.
Gemini has also filed to go public.
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