NEWS: SEC to dismiss case against Winklevoss twins’ crypto firm Gemini
By Mrinmay Dey
THE U.S. SEC (Securities and Exchange Commission) has agreed to dismiss its enforcement case against a cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, after investors in its lending program recovered their assets in full.
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 investors through the Genesis Global Capital bankruptcy process between May and June 2024.
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