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SEC dismisses lawsuit against billionaire Winklevoss twins-backed Gemini over Earn product

The U.S. Securities and Exchange Commission (SEC) has dismissed a lawsuit against Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, regarding its Earn product. The lawsuit was initially filed by the SEC in January 2023, alleging that Gemini's Earn program constituted an unregistered securities offering. The dismissal comes as part of a broader trend of regulatory scrutiny in the cryptocurrency sector. Gemini's Earn product allowed users to earn interest on their crypto holdings, but faced challenges amid regulatory changes. The SEC's decision marks a significant development for Gemini and the broader crypto market.

Read the full article: CoinDesk

FBI arrests ex-Olympian drug 'kingpin' who allegedly used crypto to move proceeds

The FBI has arrested a former Olympic athlete accused of being a drug kingpin who allegedly used cryptocurrency to facilitate the movement of drug proceeds. The individual is charged with operating a large-scale drug trafficking operation, utilizing digital currencies to obscure financial transactions. Authorities believe the use of crypto allowed

Why Silver's Surge Echoes Crypto Altcoin Season: Bitwise Exec

A Bitwise executive has drawn parallels between the recent surge in silver prices and the potential for an altcoin season in the cryptocurrency market. The rise in silver, attributed to increased demand and macroeconomic factors, mirrors the conditions that could lead to a resurgence of altcoins as investors seek alternatives

Bitcoin Stuck in Neutral, But This Gaming Token Is Going Parabolic

Bitcoin's price remains stable, showing little movement as it hovers around the $27,000 mark. In contrast, a specific gaming token has experienced a significant surge, skyrocketing in value and attracting investor attention. This divergence highlights the varying performance of cryptocurrencies, with some tokens outperforming Bitcoin despite its

Senate Agriculture's crypto market structure draft peppered with Democrat pitches

The Senate Agriculture Committee has released a draft proposal for regulating the cryptocurrency market, which includes several provisions aimed at addressing concerns raised by Democratic lawmakers. Key elements of the draft focus on consumer protection, market transparency, and the establishment of a regulatory framework for digital assets. The proposal seeks

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FBI arrests ex-Olympian drug 'kingpin' who allegedly used crypto to move proceeds

Why Silver's Surge Echoes Crypto Altcoin Season: Bitwise Exec

Bitcoin Stuck in Neutral, But This Gaming Token Is Going Parabolic

Senate Agriculture's crypto market structure draft peppered with Democrat pitches