SEC Set to Drop Gemini Earn Case as Part of Broader Crypto Enforcement Shift

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Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is on the verge of settling its years-long legal battle with the SEC.

The agency has agreed to a “resolution in principle” concerning allegations that the Gemini Earn program involved unregistered securities. This development occurs amidst a significant shift in the SEC’s approach to crypto enforcement under new leadership appointed by President Trump.

The regulator, now led by crypto-friendly Paul Atkins, has recently dropped high-profile cases against Coinbase, Binance, and Ripple, signaling a potential new era of regulatory posture toward the industry.