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Cyprus Nears Entry Into US Visa Waiver Programme

Exciting news for Cyprus as the nation advances closer to joining the United States Visa Waiver Programme (VWP). President Nikos Christodoulides revealed ‘absolutely constructive’ discussions with a US delegation, marking significant progress. As more details emerge, Cyprus inches towards a future where Cypriot travelers could visit the US visa-free.

The Visit Unpacked

A high-profile US team arrived in Cyprus to undertake a comprehensive technical review of the country’s security infrastructure. Their assessment could soon enable Cypriot citizens to experience hassle-free travel to the US, aligning with the experiences of 24 other EU countries already in the VWP.

The US embassy has affirmed their mission involves evaluating tight security procedures, the issuance of secure travel documents, and the extent of cooperation with US security agencies.

Anticipated Outcomes

Inclusion in the programme signifies trust and stronger ties between both nations. As Cyprus aspires to become the 43rd VWP member country, final decisions await completion after thorough US evaluations in the days ahead.

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The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss.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