Crypto’s Caesar: Winklevoss Triumphs Over SEC’s Probe

by

In a turn of events that would make even the most jaded of dramatists sit up and take notice, Gemini’s co-founder, Cameron Winklevoss, has emerged victorious from the clutches of the US Securities and Exchange Commission’s investigation. 🎉

It seems the SEC, after nearly two years of toying with the cryptocurrency exchange like a cat with a particularly intriguing mouse, has decided to close its case, leaving Gemini to bask in the glow of non-enforcement. 🐱🐭

Winklevoss took to the Twitterverse to declare this momentous occasion as a “milestone” in the grand saga of “the end of the war on crypto.” One might almost imagine him donning a toga and holding a scepter, such was his regal pronouncement. 🚀

But alas, our hero is not without his grievances. He laments the financial and reputational damage wrought upon the cryptocurrency industry, as if it were a Shakespearean tragedy. Gemini, he claims, has suffered tens of millions in legal fees and hundreds of millions more in lost productivity and innovation. One can almost hear the violins playing in the background. 🎻

Winklevoss further decries the SEC’s regulatory stance, which he likens to a dragon breathing fire upon the fragile eggs of innovation. Engineers and entrepreneurs, he says, have been driven away, and new projects have withered on the vine. 🐉🥚

In a bold move that would make a French revolutionary blush, Winklevoss proposes a series of reforms, including a reimbursement policy that would make the SEC pay triple the legal costs of companies it has unfairly targeted. He also calls for the public execution—metaphorical, of course—of SEC officials involved in such investigations, and a lifetime ban for those who “weaponize the law.” 🗡️🚫

“We will not rebuild trust and integrity in federal agencies unless there are serious consequences for bad faith actors,” Winklevoss declares, as if delivering a soliloquy on the stage of life. “Operation Chokepoint didn’t stop at 1.0. It continued to 2.0 because not enough was done to hold bureaucrats accountable for their actions during 1.0. And there will be a 3.0 unless there is a real, public reckoning for 2.0.”

Read More

2025-02-28 01:43