SEC Ends Investigation Into Gemini

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The US Securities and Exchange Commission (SEC) may have concluded its dealings with Gemini, but Gemini is not letting the matter rest with the SEC.

In a post shared Wednesday on X, Gemini’s co-founder and President, Cameron Winklevoss, revealed that the SEC notified Gemini on Monday that it was closing its investigation into the New York-based crypto exchange and would not be pursuing any enforcement charges.

However, Winklevoss found the resolution to the lengthy investigation unsatisfying, stating in his X post that the SEC’s withdrawal “does little to make up for the damage this agency has done to us, our industry, and America.”

“The SEC cost us tens of millions of dollars in legal fees alone and hundreds of millions in lost productivity, creativity, and innovation,” Winklevoss wrote.