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Parliament Vote On Patient Ombudsman: A Step Forward for Cyprus Healthcare

In a noteworthy move, Cyprus’ House of Representatives has endorsed a significant bill introducing a Patient Ombudsman and boosting oversight of the General Healthcare System (GeSY). This marks an essential step in elevating healthcare standards across the nation.

President Nikos Christodoulides has welcomed this development, emphasizing its alignment with his administration’s commitments to prioritize the healthcare system alongside education. In his statement on April 10, he expressed that this enactment is not just a promise fulfilled but a stride in fortifying healthcare services across Cyprus.

Strengthening Patient Rights And Ensuring Effective Management

Establishing the Patient Ombudsman aims to fill an existing gap, providing an independent channel to defend and support patients’ rights. This initiative reflects a longstanding societal demand for a robust mechanism to safeguard healthcare consumer interests.

Meanwhile, the bill fortifying GeSY supervision is a cornerstone for transparency and accountability. It pledges a well-managed, sustainable healthcare system, ensuring Cyprus’s health services remain robust for future generations.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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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