SEC Closes Investigation Against Crypto Exchange Gemini, Says Cameron Winklevoss: ‘Another Milestone To The End Of The War On Crypto’ (UPDATED)

Editor’s Note: This story has been updated to include that the SEC declined to respond to Benzinga’s request for comment.

Gemini co-founder Cameron Winklevoss disclosed Wednesday that the SEC has concluded its investigation into the cryptocurrency exchange with no enforcement action to be taken.

What happened: In an X post, Winklevoss stated that the regulator notified the company’s litigation counsel of the closure. He called this “another milestone to the end of the war on crypto.”

“This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice,” Winklevoss said. “The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation.”