SEC drops crypto lending case against Gemini
The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its enforcement case against Gemini, the cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, after investors in the company’s crypto lending program recovered their assets in full.
According to court filings in Manhattan, the SEC and Gemini Space Station Inc. jointly stipulated to dismiss the lawsuit, citing the complete return of crypto assets to Gemini Earn investors through the Genesis Global Capital bankruptcy process between May and June 2024. Regulators said the full in-kind repayment of customer assets made continued litigation unnecessary, News.Az reports, citing Reuters.
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