Co-founder of Gemini Cameron Winklevoss says that federal securities controllers have terminated their research in the US-based crypto exchange.
According to Winklevoss, the US Securities and Exchange Commission (SEC) has informed Gemini lawyer Jack Baughman that it has completed his research and will not chase A enforcement action against the platform.
The SEC has already dropped its business against the crypto Exchange Coinbase and is investigating the non-grove token token (NFT) Marketplace OpenSea, the Retailhandel app Robinhood and the Decentralized Cryptocurrency Exchange (DEX) Uniswap.
Winklevoss says that these developments mark a milestone that mean the end of the SECs ‘War on Crypto’, but the co-founder of Gemini claims that they still do little to make up the damage through the desk.
“The SEC cost us tens of millions of dollars only on legal accounts and hundreds of millions of lost productivity, creativity and innovation. Of course Gemini is not alone. The behavior of the SEC in total to other crypto companies and projects cost more orders in size and caused indisputable loss in economic growth for America. “
In order to scare abuse, Winklevoss says that regulatory authorities must reimburse the statutory costs three times for initiating investigations or enforcement actions without first establishing the rules.
He also proposes lifelong prohibitions for regulatory officials who ‘arm the law’.
“We will not rebuild trust and integrity in federal agencies, unless there are serious consequences for evil wedding factors.”
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