The United States Stock Exchange and Securities Commission (SEC) could be done with Gemini, but Gemini is not done with the SEC.
According to a Wednesday X of the co -founder and president of Gemini, Cameron Winklevos, the SEC on Monday to Gemini who was closing his research on the exchange of cryptography based in New York and that he would not present execution charges against him.
But the anticlimatic resolution of long -standing investigation was unsatisfactory for Winklevos, who said in its publication X that the withdrawal of the SEC “recently does to compensate for the damage that this agency has caused to us, our industry and the United States.”
“The SEC cost us dozens of millions of dollars only in legal invoices and hundreds of millions in loss of productivity, creativity and innovation,” Winklevos wrote. “The behavior of the SEC in aggregate to other cryptographic companies and projects cost more orders of magnitude and caused a non -quantifiable loss in economic growth for the United States.”
Winklevos said that, without consequences for both the SEC and for the members of the individual personnel involved in Gemini’s investigations and other cryptographic companies, other federal agencies could again, in the future, “intimidate, harass and attack a legal industry and then decide a day simply say that we are fine and get away.”
In its publication, Winklevos suggested that any agency that “refuses to write rules before opening an investigation or bringing a compliance action” must be required to reimburse the defendants “by 3x [their] legal costs “.
Winklevos also asked all the members of the SE personnel involved in Gemini’s investigation to be publicly fired, and their “names, roles and the actions in which they participated must be published on the SEC’s website.”
“It should not be acceptable to bring the complete power of the United States government to endure incipient companies in a nascent industry and then hide behind a faceless agency or say that I was” doing their job “or” the following orders. “These people had an option,” Winklevs wrote. “They could have asked to be reallocated or renounced. No one was forcing them to work in the Sec. of the agency to “have a positive impact on the economy of the United States, our capital markets and the lives of people” and, on the other hand, helped and promoted an illegal war against a legal industry. “
The SEC’s decision to eliminate his research on Gemini occurs shortly after he threw research similar to Uniswap Labs, Robinhood Crypto and Opensa. On early Wednesday, the SEC also presented a joint motion to stop its litigation against the Tron and Justin Sun Foundation, similar to the recent motions presented in its cases against Coinbase and Binance.
The SEC did not respond to the request for comments from Coindesk.
