Gemini co-founder Cameron Winklevoss On Wednesday, the SEC concluded its investigation into the cryptocurrency exchange without any application measure to take.
What happened: In a post X, Winklevoss said that the regulator had informed the company’s litigation council. He called it “another step at the end of the war against crypto”.
“This occurs 699 days after the start of their investigation and 277 days after sending a Wells opinion,” said Winklevoss. “The dry cost us tens of millions of dollars in legal invoices alone and hundreds of millions of people losing productivity, creativity and innovation.”
The conflict dates back at least to March 2023, when Gemini settled with the dry By paying $ 21 million in fines for pretending to sell unregistered titles as part of its Gemini Earn program. The regulatory action was carried out by the former president of the dry Gary Gensler.
The dry did not immediately respond to the request for comments from Benzinga.
See also:: The Cryptos on the theme of Gamestop sink after the CEO of Vivek Ramaswamy co -founded the CEO of the exhorting company Bitcoin Investment: Graduate of Being “ `Stock ” to a leader in the sector
Why it matters: Cameron and his twin brother Tyler have been vocal criticisms of peopleler. Last month, they announced a Boycott hiring Against the Massachusetts Institute of Technology, where peopleler joined as a teacher.
Winklevoss twins have done Bitcoin BTC / USD Donations to campaigns, including those of the president Donald Trump and jOhn DeatonA pro-Crypto-Monnaie candidate who ran without success against the senator Elizabeth Warren (D-Mass.).
Development follows a series of similar actions from the SEC, in particular the withdrawal of its application file for the exchange of cryptocurrency Jamming and the Termination of his investigation In Robinhood Markets’ Cryptocurrency operations.
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