SEC closes the examination of Krypto Exchange Gemini, without recommending enforcement measures: Cameron Winklevoss

The co-founder of Gemini, Cameron Winklevoss, says that the federal security authorities have ended their investigation into the crypto exchange based in the USA.

According to Winklevoss, the US Securities and Exchange Commission (SEC) informed Gemini lawyer Jack Baughman that it has completed its investigation and will not be pursued A enforcement measure against the platform.

The SEC has already reduced its case against the Crypto Exchange Coinbase and examines the investigation of the OPENSEA marketplace, the Robinhood retail app and the decentralized cryptocurrency exchange (DEX) Uniswap.

According to Winklevoss, these developments mark a milestone that means the end of the “war war against crypto” of the SEC, but argues the co -founder of Gemini that they still do little to compensate for the damage caused by the agency.

“The SEC only cost us tens of million dollars of legal bills and hundreds of millions of productivity, creativity and innovation. Of course Gemini is not alone. The behavior of the SEC compared to other crypto companies and projects cost more order and caused unrestricted loss of economic growth for America. “

In order to prevent abuse, the regulatory authorities should reimburse the triple legal costs for the initiation of investigations or enforcement measures without determining the rules.

He also proposes lifelong prohibitions for regulatory officers who “upgrade the law”.

“We will not rebuild and integrity in federal authorities, unless there are serious consequences for evil actors.”

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