“In a wednesday x post, the co -founder and president of gemini suggested the Sec Publicly Fire All Staff Members Involved in the Investigation.”, – WRITE: www.coindesk.com
ACCORDING TO A WEDNESDAY X POST FROM GEMINI CO-FOUNDER AND President Cameron Winklevoss, The Sec Inforated Gemini On Monday that It Was Closing It Investigation Into. Filing Enforcement Charges Against It.
But the anti-climactic resolution to the long-running investigation was unsoatisfying to winklevoss, who said in his x post that sec. Industry, and American. ”
“The Sec Cost US Tens of Millions of Dollars in Legal Bills Alone and HundDS of Millions in Lost Productivity, Creativity, and Innovation, Winklevoss Wrote. “The Sec’s Behavior in Aggregate Towards Other Crypto Companies and Projects Cost Orders of Magnitude More and Caused Unquantifiable Loss in Economic Growth For America.”
Winklevoss SAID THAT, WITHOUT CONSEQUENCES FOR BOTH The SEC AND THE INDIVIDUAL STAFF Members Involved in the Investigations of Gemini and Other Crypto Companies “Bully, Harass and Attack a Lawful Industry and Ten Decide One Day to Simplay Say We’re Good and Walk Away.”
In his Post, winklevoss suggested that any agency that “Refuses to Write Rules Before It Opens An Investigation or Brings An Enforcement Action” Should Be ” [their] Legal Costs. ”
Winklevoss Also Called for All Sec Staff Members Involved in The Probe Into Gemini To Be Publicly Fired, and Their “Names, Roles, and The Actionsheshe
“IT SHOULD NOT BE ACCEptable to Bring the Full Might of the Us Government to Bear Against Fledgling Companies in A NasCent Industry and THEN HIDE BEHind AGENCY AGESTY OREES OREE ORYSY ORYSY ORE Orders. ‘ These Individuals Had A Choice, ”Winklevoss Wrote. “They Could have asked to be reassign or resign. Nobody Was Forcing Them to Work at the Sec. Nonetheless they to violate their oath and the agency’s mission to ‘make a positive Impact on the US Economy, Our Capital Markets, And People’s Lives’ and Agdated and Abetted and Lawful Industry. ”
The Sec’s Decision to Drop ITS Probe Into Gemini Comes Shortly After IT Droped Similar Investigations Into Uniswap Labs, Robinhood Crypto and Opensea. Earlier Wednesday, The Sec ALSO FILED A JOINT MOOTION TO PAUUSE ITS LITIGATION AGAINST The TRON FOUNDATION AND JUSTIN SUN, SIMILAR TO RECENT MOries FILYED IN ITSSES AGAINST COINBASE.
The Sec Did Not Respond to Coindesk’s Request for Comment.
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