news 
Cameron Winklevoss Says SEC Has Closed Gemini Case
Cameron Winklevoss, co-founder of Gemini, announced via a tweet that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the exchange without recommending any enforcement action. This development marks yet another instance where the SEC has dropped an investigation, following in the footsteps of Uniswap, Coinbase, Robinhood, and more.
Winklevoss expressed relief over the outcome but also emphasized that the damage caused by the SEC’s actions cannot be undone. He stated that the agency’s behavior towards cryptocurrency companies has resulted in “tens of millions of dollars in legal bills alone” and “hundreds of millions in lost productivity, creativity, and innovation.” Winklevoss went on to stress the need for legislative action to protect the industry and hold accountable those who engage in misconduct.
While Winklevoss’ tweet did not provide any details about the specifics of the investigation, it is likely that the probe focused on the sale of securities. The exact nature and scope of the inquiry remain confidential, leaving many wondering what issues may have been under scrutiny.
