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Stock impact report

SEC agrees to dismiss case over crypto lending by Winklevoss' Gemini [Yahoo! Finance]

Gemini Space Station, Inc. - Class A (GEMI) 
Company Research Source: Yahoo! Finance
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. The financial regulator had decided to resolve the lawsuit last year. The SEC has shifted its ?approach to crypto enforcement under ?U.S. President Donald Trump, who has promised to be the "crypto president," bringing in more favorable rules and pledging to popularize mainstream use of ?digital currencies. Gemini did not immediately respond to a Reuters request for comment outside regular business hours. In 2023, the SEC charged Genesis Global Capital and Gemini Trust Company with illegally selling securities to hundreds ?of thousands of in Show less Read more
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