EddieJayonCrypto

 27 Feb 25

tl;dr

Gemini co-founder Cameron Winklevoss is demanding triple legal costs from the US Securities and Exchange Commission (SEC) after the agency dropped its investigation into the crypto exchange without filing charges. Winklevoss criticized the SEC's actions, stating that the prolonged investigation had ...

Gemini co-founder Cameron Winklevoss is demanding triple legal costs from the US Securities and Exchange Commission (SEC) after the agency dropped its investigation into the crypto exchange without filing charges. He estimated that Gemini incurred tens of millions in legal fees and suffered hundreds of millions in lost innovation and productivity due to the prolonged investigation.

Winklevoss urges the SEC to compensate crypto exchanges for legal expenses and dismiss officials involved in closed investigations. He suggested that companies should be reimbursed triple their legal costs if investigations fail to result in charges, and that SEC officials responsible for unjustified enforcement actions should be permanently barred from future agency roles. Winklevoss emphasized the need for real accountability to prevent regulatory agencies from hindering innovation and economic growth in the United States.

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