The US Securities and Stock Exchange Commission (SEC) terminated the Geminin investigation, which lasted for 699 days without any claim. In the process, the official warning note sent to Gemini 277 days ago drew attention. This development brought the impact of regulatory policies in the crypto currency market. The fact that SEC did not make an official statement led to different interpretations in the sector.
SEC’s investigation and effects
SEC carried out a long -term inspection by examining Gemini’s activities closely. However, at the end of this process, no legal procedures were applied. Although the Commission sent Wells Notice to Gemini 277 days ago, he did not impose any sanctions. Although the SEC completes the audit in question, it remains unclear why the process took so long and why no formal decision is taken.
This development raised regulatory uncertainties in the crypto currency sector. It is claimed that long -term investigations create financial and operational pressure on market players. It is thought that SEC’s similar investigations can turn to other major platforms of the sector.
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Winklevoss’s criticism and echoes in the sector
Cameron Winklevoss, one of the founders of Gemini, criticized the SEC’s process in a harsh language. Winklevoss said that this process has a negative impact on the shipin and the crypto currency sector in general. “This process, which lasted for 699 days, means tens of millions of dollars for legal expenditures, and hundreds of millions of dollars in terms of innovation and loss of productivity,” he said.
These criticisms of Winklevoss triggered a debate that questioned SEC’s regulatory approach. Experts emphasize that such investigations that are long -term but inconceivables are uncertainty in the sector. Market players draw attention to the necessity of reviewing their relations with regulatory institutions.
The fact that the SEC closed the investigation without an official decision brought up the risks that similar platforms may face in the future. Market participants may need to reshape their strategies against regulatory steps.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
