KEY POINTS
- Cameron Winklevoss proposed that the SEC reimburse crypto firms if a regulator 'refuses to write rules' before taking legal or investigative actions
- He also said involved SEC staffers should be given a 'dishonorable discharge' and be banned from working at other federal agencies
- He claimed that Gemini lost 'tens of billions' in its fight against the SEC and lost hundreds of millions more in lost productivity
- The SEC filed a joint motion with the Tron Foundation and Justin Sun to pause a lawsuit to 'conserve judicial resources'
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into cryptocurrency exchange and custodian Gemini, adding to its growing list of crypto firms that the Wall Street regulator has decided to approach with a more constructive approach.
