Gemini co-founders Cameron and Tyler Winklevoss are reportedly considering opening a second headquarters in the United Kingdom.
According to a May 24 report from The Telegraph, the founders met with officials from the Financial Conduct Authority (FCA) and Bank of England as part of a larger plan to expand the business’s footprint outside of the United States as regulatory scrutiny increases.
Gemini highlights U.S. regulatory uncertainty
Several exchanges have complained about the regulatory environment in the U.S. as regulators have doubled their enforcement actions against crypto firms in response to a series of collapses within the industry last year.
While it survived 2022, Gemini is now facing legal challenges from the U.S. Securities and Exchange Commission (SEC). The SEC has alleged that Gemini and Genesis failed to register its Earn product as securities, ultimately leading to the project being scrapped altogether.
Cameron Winklevoss said:
“There are so many headwinds righ
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