Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, plans to open a new office in Miami's Wynwood Art District, expanding its presence beyond Europe and New York. This decision comes in the wake of a federal judge staying the SEC's lawsuit against Gemini Global Capital, which alleged the firm offered unregistered securities through its Gemini Earn program. The lease for the Miami office was announced by Sterling Bay Properties, and Gemini is expected to move in by May. This move aligns with the trend of crypto companies relocating to Florida, renowned for its favorable regulatory environment and lack of state income tax. Notably, Ripple Labs also has a presence in Wynwood, positioning Gemini close to other significant players in the crypto space. Additionally, Cameron Winklevoss mentioned that the SEC had closed an investigation into a separate issue involving Gemini, potentially signaling a resolution to ongoing regulatory challenges for the exchange.

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