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SEC terminates investigation of Gemini and takes no enforcement action

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, said in a statement that the SEC has terminated its investigation of Gemini and no enforcement action has been taken. "While this marks another milestone in the end of the crypto wars, which already includes the SEC withdrawing its Coinbase lawsuit and ending its investigations into OpenSea, Robinhood and UniSwap, it does not make up for the damage the agency has done to us, our industry and the United States," Mr. Cameron said. "The SEC has cost us tens of millions of dollars in legal fees alone and hundreds of millions of dollars in lost productivity, creativity and innovation."