SEC Dismisses Enforcement Case Against Gemini After Asset Recovery

The SEC has dismissed its case against Gemini following the full recovery of investor assets through Genesis's bankruptcy. This marks a regulatory shift under Trump.

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In a significant move reflecting a shift in regulatory policy, the U.S. Securities and Exchange Commission (SEC) agreed to dismiss its enforcement case against Gemini, a cryptocurrency exchange founded by Tyler Winklevoss tyler winklevossand Cameron Winklevoss cameron winklevoss. The decision follows the full recovery of investor assets through the Genesis Global Capital bankruptcy process between May and June 2024. The dismissal was filed jointly by the SEC and Gemini in Manhattan federal court on January 24, 2026.
FILE PHOTO: Tyler Winklevoss and Cameron Winklevoss attend the opening bell ceremony for American Bitcoin at the Nasdaq Market in New York City, U.S., September 16, 2025. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Tyler Winklevoss and Cameron Winklevoss attend the opening bell ceremony for American Bitcoin at the Nasdaq Market in New York City, U.S., September 16, 2025. REUTERS/Brendan McDermid/File Photo
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