SEC drops high-profile crypto cases in pivot
The Securities and Exchange Commission (SEC) is dropping crypto lawsuits like flies as its regulatory scope dramatically changes under Donald Trump’s new administration Indeed, it’s dropped legal action against six major crypto firms already this month. This week, Consensys founder Joseph Lubin revealed that the SEC agreed to drop its lawsuit targeting the wallet tool MetaMask. On Wednesday, the SEC closed its investigation into the Winklevi-owned crypto exchange Gemini. Cameron Winklevoss celebrated the dismissal and demanded that the individuals responsible for the legal action be fired publicly . On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells… pic.twitter.com/dTjg9CJXVl — Cameron Winklevoss (@cameron) February 26, 2025 Cameron ...