In the wake of her abandonment of prosecution, the dry ends her investigation into Gemini. However, one of the founders of the cryptocurrency exchange did not chew his words. What does he say?
The dry stops investigating Gemini
Coinbase, Opensea, Uniswap and now Gemini, Securities and Exchange Commission (SEC) does not end up closing the surveys open under the chairmanship of Gary Gensler. Indeed, it was Cameron Winklevoss who shared this news from its X account, after the Federal Agency informed the Exchange legal advisor earlier this week.
🔎 Find our investigation into the drifts of the dry
Despite everything, the entrepreneur does not hide his dissatisfaction, advancing that the dry cost Gemini “Tens of millions of dollars in legal costs and hundreds of millions losing productivity“:
Although this marks a new step towards the end of the war against the crypto, which already includes the withdrawal of the dry of the Coinbase trial and the closure of surveys on Opensea, Robinhood and Uniswap, that does not make much to compensate for the damage that this agency caused us, our industry and America.
Create an account on Gemini: the American Exchange that is launching in France
Even more, the interested party considers that This anti-Crypto crusade has scared engineers from the ecosystemor dissuaded any creators of entrepreneurship projects. For him, several measures should thus be taken, such as obliging the dry to reimburse the legal costs of companies on which it has investigated without giving consequences and to dismiss employees who authorized such actions while displaying their names on the SEC website:
It is completely unacceptable that an agency like the dry intimidates, harass and attacks a legal sector, then decides one day to say that everything is fine and go away. Unless there is a price to pay for this behavior, it will happen again.
Furthermore, Cameron Winklevoss notes that no lawyer for the dry has yet resigned To protest the abandonment of these proceedings, which, according to him, proves that they themselves did not believe in the merits of these cases. He also argues that they have violated the oath according to which the agency must “have a positive impact on the American economy“, Given the fact that, unlike, no lawyer has resigned from the dry to defend the crypto ecosystem in recent years.
👉 In the news also – one more: the dry abandons its investigation against the United
Be that as it may, recent events bear witness to a turning point in the way cryptocurrencies are considered by the American regulator. If there is little chance that Cameron Winklevoss' ideas will be applied, we can however cite the example of Coinbase, which ended a collaboration with the law firm Milbank last December, after the latter hired Gurbir S. Grewal, the former director of the Division of the Application of the SEC law.
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
1631 articles
