US EditionSEC Agrees to Dismiss Case over Crypto Lending by Winklevoss ...
The SEC dismissed claims after Gemini Earn investors recovered $940 million in crypto assets through Genesis Global Capital's bankruptcy process, marking full restitution.
- On Friday, the U.S. Securities and Exchange Commission agreed to dismiss its enforcement case against Gemini, founded by Tyler Winklevoss and Cameron Winklevoss, filing a joint stipulation in federal court in Manhattan.
- After the Genesis Bankruptcy returned assets, Gemini Earn investors received a 100 per cent in-kind return through the Genesis Bankruptcy and related settlements between May and June 2024.
- The Gemini Earn portfolio was worth $940 million when Genesis froze customer accounts in November 2022, and Gemini is valued at $1.14 billion per LSEG after a strong Nasdaq debut last year.
- The SEC stressed the dismissal does not set precedent for other matters, emphasizing its decision does not reflect its position and the financial regulator had resolved the lawsuit last year.
- In 2023 the SEC charged Genesis Global Capital and Gemini Trust Company with illegally selling `securities`, and filings identified the exchange as Gemini Space Station.
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SEC agrees to dismiss case over crypto lending by Winklevoss' Gemini
Jan 23 : The U.S. Securities and Exchange Commission on Friday 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
SEC Dismisses Gemini Lawsuit After Full Investor Repayment Confirmed
Key Insights: Gemini Earn users recovered 100% of crypto through Genesis. SEC says full repayment made further litigation unnecessary. The case resulted from the 2022 collapse and Genesis withdrawal freeze. Gemini’s legal battle with the U.S. Securities and Exchange Commission (SEC) has officially concluded. On January 23, 2026, in a joint court filing, the SEC’s lawsuit against Gemini Trust Company was dismissed with prejudice. This marks the …
SEC Drops Gemini Case After Full Investor Recovery, Signaling a Softer U.S. Stance on Crypto Enforcement
The U.S. Securities and Exchange Commission has agreed to dismiss its enforcement action against Gemini, the cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, after investors in the platform’s troubled lending program were made whole. Court filings on Friday showed that the SEC and Gemini Space Station jointly moved to dismiss the case […] The post SEC Drops Gemini Case After Full Investor Recovery, Signaling a S…
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