{"id":15236,"date":"2025-02-27T01:31:34","date_gmt":"2025-02-27T01:31:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15236"},"modified":"2025-02-27T01:31:34","modified_gmt":"2025-02-27T01:31:34","slug":"gemini-exonerated-sec-takes-no-action-following-investigation-says-winklevoss","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15236","title":{"rendered":"Gemini Exonerated: SEC Takes No Action Following Investigation, Says Winklevoss"},"content":{"rendered":"
\n

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without pursuing any enforcement action.\u00a0<\/p>\n

SEC Closes Gemini Investigation<\/h2>\n

In his social media post<\/a>, Winklevoss revealed that the SEC\u2019s letter, dated February 24, stated that the agency\u2019s staff \u201cdo not recommend an enforcement action by the Commission\u201d against Gemini. <\/p>\n

The investigation, which began 699 days ago, included a Wells Notice issued 277 days prior, warning the company of potential legal action.\u00a0<\/p>\n

Winklevoss expressed relief over the SEC\u2019s decision but lamented the extensive costs incurred during the investigation, estimating that it drained \u201ctens of millions of dollars in legal bills alone\u201d from the company.<\/p>\n

However, while he welcomed the closure of the investigation, Winklevoss criticized the SEC for what he described as \u201cbully, harass, and attack\u201d tactics against a lawful industry.\u00a0He emphasized the broader implications of the SEC\u2019s actions, suggesting they stifled innovation and productivity within the cryptocurrency sector.\u00a0<\/p>\n

Winklevoss Urges Reform<\/h2>\n

The SEC\u2019s recent actions reflect a shift in its approach to the cryptocurrency market. In addition to closing the investigation into Gemini, the agency has also chosen to dismiss charges against Coinbase Global Inc. and terminated its inquiry into the decentralized finance (DeFi) platform Uniswap.\u00a0<\/p>\n

This trend suggests a potential easing of regulatory pressure on the crypto sector, a development that may be influenced by the changing political landscape, including promises from President Donald Trump to introduce more favorable regulations.<\/p>\n

Winklevoss\u2019s post also called for significant reform within the SEC to prevent similar situations from occurring in the future. He proposed that if an agency opens an investigation without clear rules, it should reimburse affected parties for three times their legal expenses.\n<\/p>\n

Gemini\u2019s co-founder also advocated for the immediate termination of individuals involved in enforcement actions deemed unjust, suggesting their names and actions should be publicly disclosed on the SEC\u2019s website.<\/p>\n

Winklevoss concluded his statement by expressing hope for the future of the cryptocurrency industry, emphasizing that while this marks a crucial victory, it is only the beginning of a larger fight for fairness and accountability in the regulatory landscape.<\/p>\n

\"Gemini\"<\/p>\n

Featured image from Page Six, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without pursuing any enforcement action.\u00a0 SEC Closes Gemini Investigation In his social media post, Winklevoss revealed that the SEC\u2019s letter, dated February 24, stated that the agency\u2019s staff \u201cdo not […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15236","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15236"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15236\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}