- Tyler Winklevoss shows his disappointment with the SEC’s action against Gemini.
- He also believed their actions to be super lame and counterproductive.
- On a positive note, Tyler spoke about BTC hitting $19k.
In one of his recent tweets, Tyler Winklevoss, co-founder of Gemini exchange, shows his disappointment in the SEC and their action to file a lawsuit against Gemini and other creditors. He believes that this action from the SEC is counterproductive and does nothing to further the efforts of Gemini and other creditors to recover the funds.
Tyler also stressed the fact that the “Earn” program was regulated by the New York State Department of Financial Services (NYDFS) and that they were also in discussion with the SEC regarding the program for more than 17 months. He also mentioned that the decision is super lame as the SEC did not notify Gemini before announcing their lawsuit to the press.
Tyler’s brother Cameron Winklevoss, also shared his disappointment in the SEC, stating that they are optimizing for political points instead of helping them advance to help 360,000 Earn users and the creditors.
Nevertheless, he mentioned that he’s looking forward to defending themselves and ensuring that it doesn’t distract them from the important recovery work that they are doing.
For the avoidance of doubt, Gemini has always worked hard to comply with all relevant laws and regulations. and any suggestion to the contrary is unsupported by the facts.
Tyler concluded his tweet thread on a positive note by sharing the news of Bitcoin hitting $19,000. The market has been on a positive streak for the last two days, with Bitcoin recently breaking through the $19,000 resistance level. The CPI numbers were also out yesterday, and the market reacted in a positive way, with all major coins doing a green rally.