SEC Dismisses Lawsuit Against Winklevoss Twins' Gemini Crypto Exchange

The U.S. Securities and Exchange Commission has dropped its lawsuit against the Gemini crypto exchange, according to a joint court filing on Friday, January 24, 2026. The case was related to the Gemini Earn program, through which some investors lost access to their funds for 18 months. The filing cites a 2024 settlement with the New York Attorney General's office, under which Earn investors are to recover 100% of the crypto assets they loaned. The dismissal follows a reported pattern of the current administration pausing or reducing penalties in pending crypto cases. Separately, Gemini has filed for an initial public offering.