SEC to Drop Lawsuit Against Gemini Over Crypto Lending Program
The US Securities and Exchange Commission is set to dismiss a lawsuit filed in 2023 against Gemini Trust Co., a cryptocurrency exchange and lending platform co-founded by Cameron and Tyler Winklevoss. The lawsuit alleged that Gemini's crypto lending program was unregistered and raised billions of dollars in violation of securities laws. The decision marks a significant development in the ongoing regulatory debate surrounding the crypto industry.