Crypto Breakthrough: SEC Eases Stance

SEC Eases Crypto Enforcement, Gemini Cleared, Justin Sun Case Paused

• The SEC concluded a 699-day investigation into Gemini Trust without pursuing enforcement action.
• Cameron Winklevoss reported the investigation cost “tens of millions” in legal fees.
• The SEC has withdrawn cases against Coinbase, OpenSea, Robinhood, and UniSwap.
• A joint motion was filed in the SEC’s case against Justin Sun and Tron Foundation to explore a potential resolution.
• The SEC accused Sun of conducting over 600,000 wash trades to inflate TRX token volume.

The SEC informed Gemini Trust it would not pursue enforcement after a lengthy investigation costing millions in legal fees. Simultaneously, a joint motion seeks resolution in the case against Justin Sun.