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Stock impact report

SEC to dismiss Winklevoss Twins' Gemini Earn lawsuit [Yahoo! Finance]

Gemini Space Station, Inc. - Class A (GEMI) 
Company Research Source: Yahoo! Finance
space to face a friendlier approach to enforcement from the regulator under US President Donald Trump. In a Friday filing, the SEC cited the exchange returning customer assets as reason for the dismissal. The Wall Street watchdog in 2023 sued Gemini, alleging the exchange offered unregistered securities via its Earn program. Gemini, founded by billionaire twins Tyler and ?Cameron Winklevoss, settled with the SEC in 2025. Gemini Earn customers received their assets via a bankruptcy process. Gemini did not immediately respond to DL News ' request for comment. The dismissal comes as the SEC and other regulators scrap a number of lawsuits against top crypto companies like Coinbase Binance , and Ripple since President Trump took power. Gemini froze Earn customer withdrawals in 2022, following the collapse of crypto behemoth FTX. The Earn product paid clients interest on their crypto holdings via lending partner, Genesis. Genesis had “locked funds” with crypto exchange FTX, whic Show less Read more
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