**The SEC’s Surprise Move: A Win for Gemini and the Winklevoss Twins**
In a move that’s got the crypto community buzzing, the Securities and Exchange Commission (SEC) has decided to drop its lawsuit against Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss. This decision comes as a major relief to the Winklevoss twins, who have been facing intense scrutiny over their involvement in Donald Trump’s re-election campaign and their backing of his family’s business ventures.
So, what’s behind this sudden change of heart from the SEC? It seems that the agency has been influenced by a 2024 settlement between New York and Gemini, in which traders who had lost access to their funds for up to 18 months finally received 100% of the crypto assets they’d loaned via the Gemini Earn program. With this deal in place, the SEC has decided to dismiss the lawsuit and let Gemini off the hook.
But this development isn’t just about Gemini. It’s also part of a larger trend that’s seen the Trump administration taking a relatively soft stance towards the crypto industry. According to a recent report by the New York Times, the SEC has either dropped, paused, or reduced penalties in over 60% of the crypto-related lawsuits pending when Trump took office last year. This is a significant shift from the more stringent approach taken by the SEC under previous administrations.
For Gemini, this settlement and the SEC’s decision to drop the lawsuit are a major win. The company has also recently filed to go public, which could be a game-changer for its future growth and success. With the Winklevoss twins breathing a sigh of relief, it’s clear that this news is a big deal for the crypto community.
But what does it all mean? At the very least, it suggests that the crypto industry is getting a temporary free pass from the Trump administration. But we’ll have to wait and see how this plays out in the long run. Will the SEC’s decision to drop the lawsuit have a lasting impact on the crypto community, or is it just a one-off move? Only time will tell.
**Source:** [techcrunch.com/2026/01/24/sec-drops-lawsuit-against-winklevoss-twins-gemini-crypto-exchange/](https://techcrunch.com/2026/01/24/sec-drops-lawsuit-against-winklevoss-twins-gemini-crypto-exchange/)
