SEC drops lawsuit against Winklevoss twins’ crypto firm

Move comes as the SEC has taken a series of friendly stances towards the cryptocurrency industry under Trump

The US Securities and Exchange Commission (SEC) on Friday agreed to dismiss its enforcement case against a cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, after investors in its lending program recovered their assets in full.

The SEC has taken a series of industry-friendly actions in recent years, a shift in its approach to crypto enforcement under Donald Trump, who promised to be the “crypto president”. He brought in more favorable rules and pledged to popularize mainstream use of digital currencies.

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Source: www.theguardian.com

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