★ Government Action
Trump's SEC pauses Gemini Trust enforcement lawsuit
Donors, Cases DroppedEasing Up on Crypto
Filed April 2025
★ The Brief
What happened
In April 2025, the SEC put its long-running enforcement lawsuit against Gemini Trust, the crypto exchange founded by twins Cameron and Tyler Winklevoss, on hold, shortly after Trump-appointed chairman Paul Atkins took over the agency.
Who enabled it
Who benefits
Deal or steal?
Gemini and the Winklevoss twins had given more than $8 million to elect Trump in 2024, including $6.39 million from Gemini itself. Months after the SEC paused their case, the twins joined Executive Branch, the $500,000-a-member club co-owned by Trump Jr.
★ Cast your vote
In April 2025, the Securities and Exchange Commission placed a hold on its long-running enforcement lawsuit against Gemini Trust, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss. The pause came shortly after the Trump administration installed new agency leadership, including chairman Paul Atkins. The Winklevoss twins subsequently joined the founding-member roster of Executive Branch, a private Washington club co-owned by Donald Trump Jr.
Further reading
- ★ Government ActionJanuary 2026Trump's two top market regulators launch joint 'Project Crypto'
- ★ Government ActionAugust 2025Trump's SEC ends Biden-era Ripple Labs crypto enforcement case
- ★ Government ActionFebruary 2025Trump's SEC closes Robinhood crypto investigation with no action
- ★ Government ActionFebruary 2025Trump's SEC dismisses civil enforcement case against Coinbase
- ★ Government ActionJanuary 2025Trump's SEC crypto enforcement falls 60% in first year
- ★ Private ActionOctober 2025Corporations pledge funding for Trump's $300M White House ballroom