SEC drops lawsuit against Winklevoss twins’ crypto firm | Cryptocurrencies
The US Securities and Exchange Commission (SEC) on Friday agreed to dismiss its enforcement case against a cryptocurrency exchange founded by the billionaire twins Tyler and Cameron Winklevoss, after investors in its lending program recovered their assets in full.
The SEC has taken a series of industry-friendly actions in recent years, a shift in its approach to crypto enforcement under Donald Trump, who promised to be the “crypto president”. He brought in more favorable rules and pledged to popularize mainstream use of digital currencies.
The SEC and the exchange now known as Gemini Space Station filed a joint stipulation in federal court in Manhattan to dismiss the case, citing the complete return of crypto assets to Gemini Earn…
