The post Gemini Vs SEC: When Will the Blame Game Stop! appeared first on Coinpedia Fintech News
In a fascinating turn of events, Gemini, a prominent cryptocurrency company, has locked horns with the U.S. Securities and Exchange Commission (SEC). The narrative is strewn with fiery tweets, accusations of a “failed regulator”, and a potential lifeline for disgruntled investors, all adding layers to this unfolding saga.
The Spark that Ignited the Fire
It began with a tweet from Cameron Winklevoss, co-founder of Gemini. Celebrating the tenth anniversary of the first Bitcoin ETF filing, Winklevoss took the opportunity to castigate the SEC. He labeled the institution a “complete and utter disaster” for U.S. investors, blaming its refusal to approve Bitcoin ETFs as detrimental to investor interests.
Today marks 10 years since @tyler and I filed for the first spot Bitcoin ETF. The @SECGov’s refusal to approve these products for a decade has been a complete and utter disaster for US inv
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