Winklevoss says that Gemini Exonated: SEC does not take any action after the investigation.
Cameron Winkelos, co -founder of the Cryptocurrency Exchant Gemini, announced that the US Securities and Stock Exchange Committee (SEC) has officially closed its investigation into the company without following any enforcement procedure.
SEC closes the investigation of Gemini
On social media for him mailWinklevoss revealed that on February 24, SEC speech stated that the agency’s employees “do not recommend an enforcement by the committee” against Gemini.
The investigation, which started 699 days ago, included Wales’s notice issued 277 days ago, warning of a possible legal procedure company.
Winklevoss expressed its alleviation of the SEC decision, but he regretted the extensive costs she incurred during the investigation, saying that she drained “tens of millions of dollars in legal bills alone” from the company.
However, while welcomed the closure of the investigation, Winklevoss criticized the Supreme Education Council for what he described as “fatwa, harassment and attack” tactics against a legal industry. He emphasized the broader effects of the SEC behavior, indicating that it suffocates innovation and productivity in the encrypted currency sector.
It urges winklevoss repair
SEC’s recent procedures reflect a transformation in its approach to the cryptocurrency market. In addition to the closure of the investigation of Gemini, the agency also chose to reject the charges against Coinbase Global Inc. Its investigation ends on the Defi Finance platform (Defi).
This trend indicates a possible relief of organizational pressure on the encryption sector, a development that may be affected by the changing political scene, including promises by President Donald Trump to provide more appropriate regulations.
The winklevoss publication also called for a great reform within the Supreme Education Council to prevent similar positions in the future. He suggested that if an agency opens an investigation without clear rules, then the affected parties must pay for three times its legal expenses.
The co -founder of Gemini also called for the immediate end to the individuals participating in the enforcement procedures that are unfair, indicating that their names and actions publicly should be revealed on SEC.
Winklevoss concluded its statement by expressing hope in the future of the cryptocurrency industry, while emphasizing that although this represents a decisive victory, it is only the beginning of a greater battle for fairness and accountability in the organizational scene.
Distinctive photo from the sixth page, the chart of Tradingview.com
