SEC sets off the investigation against Gemini, no measures taken

• The SEC has dropped investigations against Coinbase, Robinhood Crypto and Uniswap
• Cameron Winklevoss said
• he said

The US Securities and Exchange Commission (SEC) has fallen its investigation of Gemini and is not taken to assert.

The Crypto Exchange is the youngest platform that ends a SEC lawsuit against it because it changes in the agency. In the past few weeks, the SEC has completed investigations against Coinbase, Robinhood Crypto and Uniswap, among other things.

In a post on X Cameron Winklevoss, co -founder of Gemini, said, the move, "Comes 699 days after your investigation began and 277 days after you notice a fountain."

"While this marks another milestone until the end of the war against crypto ... it is little to compensate for the damage that this agency has done to us, our industry and America," he added.

On Monday the SEC informed our legal dispute championship @jackbaughman27 Rel = "NOFOLLOW" TARGET = "_ Blank" href = "https://twitter.com/gemini?ref_src=twsrc%5etfw"> @zwillinge and will not pursue a enforcement measure against us. This happens 699 days after the beginning of their investigation and 277 days after they have sent us a fountain ... pic.twitter.com/dtjg9cjxvl

- Cameron Winklevoss (@Cameron) 26. February 2025

indictment against Gemini

In 2023, the SEC Gemini and Genesis Global Capital, a crypto loan platform, calculated with the sale of not registered securities via the Gemini Earn Product.

At that time, the SEC argued that the couple had incorrectly presented their business model by advertising up to 8% without registering as a credit partnership with the responsible authorities.

While the investigation is over for Gemini, the SEC cost the crypto exchange “$ ten million in legal bills and hundreds of millions in lost productivity, creativity and innovation,” said Winklevoss.

"The behavior of the SEC compared to other crypto companies and projects cost more orderly and caused an unreserved loss of economic growth for America," he said.

unacceptable behavior

Gemini criticized the previous SEC under the former chairman Gary Gensler and argued that it was "completely unacceptable" for the SEC to attack the crypto industry, "and then decide a day, simply say that we are good and go away".

Winklevoss said that the “thoughtful legislation” will prevent the agencies from taking measures against lawful organizations if these agencies write the rules before opening an examination. Some ideas that he presented are reimbursement, dishonest discharges and the ban on those involved to be set again by an agency.