Earlier Thursday, the SEC charged Genesis and Gemini with engaging in the offering and sale of unregistered crypto asset securities through Gemini Earn, a violation of securities laws.
“This protects investors. It promotes trust in markets. It’s not optional. It’s the law,” tweeted SEC Chair Gary Gensler.
In response, Winklevoss said the action was “disappointing” and that the behavior of the SEC was “totally counterproductive,” as the platform and other creditors have been “working hard to return funds.”
Winklevoss, in the same Twitter thread, added that “Despite these ongoing conversations, the SEC chose to announce their lawsuit to the press before notifying us.
What is the SEC doing and who are they trying to protect? Not retail investors.
#cryptoregulation #crypto #ripple #garygensler #bitcoin #bitcoinnews #ethereum #bullmarket #cryptoinvestor #foryou #youtubeshorts #blockbytes #fantom #ftm #eth
-----
Blockbytes | @blockbytescom
Austin Rampt | @austin_bbytes
Clay Kilgo | @Crypto_Klay
----
🔥 Blockbytes Website - [ Ссылка ]
🐦 Twitter - [ Ссылка ]
🎧 Spotify - [ Ссылка ]
🎧 Apple Podcasts - [ Ссылка ]
✍️ Newsletter – [ Ссылка ]
----
Referral links:
✍️ Layer3 Development - [ Ссылка ]
🔐Ledger hardware wallet - [ Ссылка ]
---
---
Nothing you read/see on Blockbytes YouTube or blockbytes.com should be considered financial advice. Please use all of the information available to you and do your own research. There are many risks inherent with Crypto currency investing which includes up to complete loss of funds. So please never invest with money you cannot afford to lose.
All of blockbytes content is for entertainment purposes only and the opinions of the presenters and guests do not necessarily reflect the views of Blockbytes LLC. Nothing you see in any of the blockbytes content should be considered a solicitation to buy or sell any assets.
Any links of which Blockbytes receives a commission will be clearly marked as such. If you like the content that we produce and can use the products then please consider using our referral links above.
![](https://s2.save4k.ru/pic/GrIPGWM5AMo/maxresdefault.jpg)