SEC Drops Investigation into Gemini Exchange, Signaling Shift in Crypto Regulation

The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Gemini exchange, the cryptocurrency platform owned by billionaire twins Cameron and Tyler Winklevoss. The agency will not pursue enforcement action against the company, despite a nearly two-year probe that cost Gemini millions in legal fees. This decision comes as part of a broader shift in SEC’s regulatory stance towards the cryptocurrency industry.