The U.S. Securities and Exchange Commission’s dismissal of its lawsuit against Gemini’s Earn program this week represents more than a single case closure—it marks a fundamental pivot in the agency’s approach to cryptocurrency regulation. Under new leadership appointed by the Trump administration, the SEC is systematically winding down what industry figures termed a “war on crypto,” having now dropped or closed investigations into at least 17 major firms. This strategic recalibration, moving from broad-based enforcement to targeted actions based on demonstrable investor harm, signals a new era of regulatory posture aimed at providing legal certainty while fostering economic competitiveness in the digital asset space.
about SEC Drops Gemini Earn Case, Shifts Crypto Enforcement StrategyGemini Trust Company
0 in Finance and 0 in Crypto last weekCrypto Giants Donate $21M+ to Trump Super PAC Ahead of 2026
Major cryptocurrency firms have contributed over $21 million to a super PAC supporting Donald Trump, according to recent Federal Election Commission filings. The donations come as the crypto industry seeks to influence regulatory debates in Washington. With the 2026 midterm elections approaching, these funds could shape policy outcomes affecting digital assets.
about Crypto Giants Donate $21M+ to Trump Super PAC Ahead of 2026Gemini and SEC Reach ‘Resolution in Principle’ in Earn Case
Gemini Trust Company and the U.S. Securities and Exchange Commission have reached a preliminary settlement agreement in their nearly three-year legal battle over the Gemini Earn product. The parties informed the U.S. District Court for the Southern District of New York that they have agreed to a “resolution in principle” that could finally resolve the securities case originating from the SEC’s 2023 complaint. This development marks a significant step toward concluding one of the most closely watched enforcement actions in the cryptocurrency lending space, potentially setting important precedents for how crypto products are regulated under U.S. securities laws.
about Gemini and SEC Reach 'Resolution in Principle' in Earn CaseCFTC to Host Roundtable on Regulation of Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) will hold a public roundtable to reassess its regulatory stance on prediction markets, impacting platforms like Kalshi and Polymarket. This follows a subpoena issued to Coinbase for customer data related to Polymarket amid ongoing scrutiny of event contracts and consumer protection.Acting Chairman Caroline D. Pham criticized past regulatory approaches as stifling innovation, emphasizing the need for a forward-looking strategy. The roundtable aims to gather insights from market participants and stakeholders, with public comments due by February 21.
about CFTC to Host Roundtable on Regulation of Prediction MarketsGemini Settles CFTC Case with Five Million Dollar Fine
Gemini, founded by the Winklevoss twins, has settled with the CFTC, paying a $5 million fine without admitting to misleading the regulator regarding Bitcoin price manipulation. The twins, who have criticized the CFTC and supported pro-crypto candidates, may complicate efforts to shift crypto regulation from the SEC to the CFTC. Despite the settlement, their ongoing criticisms suggest lingering tensions within the pro-crypto community.
about Gemini Settles CFTC Case with Five Million Dollar FineGemini Agrees to Five Million Dollar Penalty in CFTC Settlement
Gemini Trust Company has agreed to a $5 million penalty to resolve claims from the CFTC, potentially avoiding a civil trial if approved by a judge. The allegations include making false statements during its 2017 bid for Bitcoin futures and undisclosed fee arrangements with select market participants. A federal judge has set the trial start date for January 21, with no further adjournments allowed.
about Gemini Agrees to Five Million Dollar Penalty in CFTC SettlementGemini Settles CFTC Lawsuit with Five Million Dollar Penalty
The Winklevoss Twins’ Gemini Trust Company has agreed to pay a $5 million civil penalty to settle a lawsuit from the Commodity Futures Trading Commission (CFTC). The suit, filed in 2022, accused Gemini of making misleading statements to secure approval for its Bitcoin futures product. This settlement allows Gemini to avoid a trial scheduled for January 21. [Bloomberg](https://www.bloomberg.com)
about Gemini Settles CFTC Lawsuit with Five Million Dollar Penalty