The Securities and Exchange Commission (SEC) has dismissed its lawsuit against Gemini, the cryptocurrency exchange backed by the Winklevoss twins, concerning its Earn product. According to reports, the dismissal was influenced by the fact that Gemini Earn customers had already received 100% of their assets back through Genesis' bankruptcy proceedings. The development marks a significant turn in the regulatory scrutiny surrounding crypto lending platforms and their offerings.

The Securities and Exchange Commission (SEC) has dismissed its lawsuit against Gemini, the cryptocurrency exchange backed by the Winklevoss twins, concerning its Earn product. According to reports, the dismissal was influenced by the fact that Gemini Earn customers had already received 100% of their assets back through Genesis' bankruptcy proceedings. The development marks a significant turn in the regulatory scrutiny surrounding crypto lending platforms and their offerings.