Blockchain

S.E.C. Drops Case Against Cryptocurrency Firm Founded by Winklevoss Twins

January 25, 2026

The U. S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Gemini Trust, a cryptocurrency exchange founded by the Winklevoss twins, regarding its Earn product. The SEC concluded that the lawsuit was no longer warranted since affected investors had received their money back following a regulatory action by the New York attorney general.

S.E.C. Drops Case Against Cryptocurrency Firm Founded by Winklevoss Twins

Key Highlights

SEC dismissed the lawsuit against Gemini Trust over its Earn product.
The lawsuit claimed that Gemini and Genesis sold unregistered securities.
Investors' funds were loaned to Genesis, which halted withdrawals after the 2022 FTX collapse.
Victims of the investment offering received their money back.
The SEC initially halted the lawsuit in April 2023.

Winklevoss, Cameron Winklevoss, Tyler Gemini Trust Co LLC Virtual Currency Securities and Exchange Commission Securities and Commodities Violations Regulation and Deregulation of Industry Trump, Donald J United States Politics and Government Corruption (Institutional)

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

S.E.C. Drops Case Against Cryptocurrency Firm Founded by Winklevoss Twins

Key Highlights

Sources

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