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Key Discussions On Cyprus Begin Today In Geneva Under UN Aegis

The stage is set in Geneva for the Informal Meeting on Cyprus, scheduled to start today under the aegis of the United Nations. This key dialogue aims to explore pathways for resolving the Cyprus issue, with President Nikos Christodoulides representing the Greek Cypriot side, striving for a continuation of talks from Crans Montana in 2017.

Arriving Sunday evening, the Cyprus delegation, including pivotal political figures such as former President Nicos Anastasiades and leaders from major Cypriot political parties, joins the Geneva discussions. The event will kick off with a dinner hosted by the UN Secretary-General.

Meanwhile, the Turkish Cypriot delegation, led by Ersin Tatar, is prepared to present scenarios focused on inter-state cooperation based on sovereign equality.

Tomorrow, the dialogue continues with bilateral meetings between UN Secretary-General António Guterres and each side, followed by a plenary session at the Palais des Nations.

The international community, including Greece, Turkey, and the UK delegations, is keenly watching this discourse, with hopes of steering towards a breakthrough solution, reflecting on past meetings, such as the one previously held in Geneva in April 2021. Cyprus’ complex political landscape, stemming from its division since 1974, continues to unfold in these international negotiations.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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