SEC Drops Gemini Probe, But Winklevoss Wants Penalties | Airdrop Alert Pro

The SEC today abandoned its long-term investigation into Gemini without making any charges. This week alone, the committee abandoned three other investigations and is closing proactive lawsuits.

But co-founder Cameron Winklevoss seems unhappy with the gesture of reconciliation. He suggested that the committee impose severe penalties on another future Gensler-style crypto-calm suppression.

Gemini no charge

The Securities and Exchange Commission (SEC), one of the largest financial regulators in the United States, has been roaming lately. Last week, Give up investigation be opposed to Opensea,,,,, Robinand Bottom floorbut it was not done there.

Cameron Winklevoss, Gemini Co-foundertoday announced that it is also SEC Louvres Investigation of his company.

“On Monday, the Securities and Exchange Commission (SEC) informed our litigation attorneys that the investigation into Gemini has been closed and no enforcement action will be taken against us. Although this marks another milestone in the end of the crypto war…it does not make up for the damage the agency has caused to us, our industry and the United States,” Winklevoss said via social media.

Winklevoss claims SEC Send Gemini A Wells notifications A year ago, but its investigation never involved formal charges.

Recently, the committee has been fighting legally at a rapid pace, Settling with Coinbase and Prepare agreement with Tron In civil fraud cases. So is SEC Delay its long-term suit for Ripplebut it is technically active.

None of these settlements seems to have made Winklevoss so much. Last month, Gemini had to Pay a $5 million fine to CFTCand SEC Give business partners Genesis A fine of $38 million.

Both companies were sued In 2023. In today’s statement, Winkelworth took an extremely hostile stance against the responsible regulator:

“How many years have been innovation at the expense of Americans? We will never know. Unless the cost and price are paid for this act, it will happen again. Everyone involved in these actions should be fired immediately in a public way. Their names, roles and actions they are involved in should be posted,” he said.

Some of his other suggestions include making the SEC pay Gemini three times its legal bill, prohibiting its employees from hiring for life at federal agencies, and other “serious consequences for malicious actors.”

For Winklevoss, the SEC’s investigation of Gemini is a thorough policy failure that must be severely corrected.

This will work The fundamental dilemma faced by the crypto industry Given its newly discovered political influence. The SEC is a powerful opponent under Gensler, but is around us now.

Under the new leadership, It shows downright passion Used to formulate new regulations. In other words, it can be a powerful tool for moving forward.

So the dilemma is: Should cryptocurrencies try to use commissions or destroy commissions? For Gemini and Common casesThe SEC under Gensler caused enough hostility that destruction seemed desirable.

However, putting professional professionals in charge is a major achievement. Throwing away years of work can be shortsighted.