SEC concludes Gemini case after lengthy investigation
The U.S. Securities and Exchange Commission (SEC) has announced the closure of the Gemini exchange case after about two years of investigation. Cameron Winklevoss, co-founder of Gemini, welcomed the decision but criticized the heavy legal costs and damages incurred to the crypto industry. He also suggested that SEC officials misusing the law should be removed from their positions and banned from serving in government agencies. This SEC decision follows the agency’s retreat from similar cases against Coinbase, OpenSea, Uniswap, and Robinhood in February.
