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SEC Dismisses Gemini Lawsuit, XRP Nears All-Time Highs

1/24/2026

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Summary

Regulators Dismiss Lawsuit

Federal regulators dismissed a lawsuit against Gemini Trust, tied to U.S. President Donald Trump.
The SEC dropped the 2022 case over an investment product that left customers without funds for 18 months.
Investors recovered their money through a New York Attorney General action.
Ripple Chief Executive Officer Brad Garlinghouse said the GENIUS Act could catalyze all-time highs for cryptocurrency markets this year.
XRP trades near $1.90.

Summary

SEC Reduces Enforcement

In 2025, the U.S. Securities and Exchange Commission (SEC) under Chairman Paul Atkins saw a 60% drop in cryptocurrency enforcement actions, with 13 cases vs 33 in 2024.
The shift focuses on specific fraud cases rather than broad registration issues.
Total fines fell to $142 million, less than 3% of 2024 penalties.
The SEC's pivot toward rule-making for digital assets may influence market dynamics as 2026 approaches.

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Regulators Dismiss Lawsuit

Federal regulators dismissed a lawsuit against Gemini Trust, tied to U.S. President Donald Trump.
The SEC dropped the 2022 case over an investment product that left customers without funds for 18 months.
Investors recovered their money through a New York Attorney General action.
Ripple Chief Executive Officer Brad Garlinghouse said the GENIUS Act could catalyze all-time highs for cryptocurrency markets this year.
XRP trades near $1.90.

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