In a series of tweets, Gemini founder Taylor Winklevoss attacked SEC for filing a lawsuit for his login password exchange. Earlier, the SEC announced that it had filed a lawsuit against Gemini and Genesis for allegedly giving unregistered securities.
Tyler Winklevoss, one of the twins of Winklevoss, believes that SEC's lawsuit against Gemini and Genesis at this time outweighs the loss in helping people get their assets.
In a tweet earlier today, Taylor Winklevoss made it clear that SEC's actions outweigh the gains and that it does not help consumers get his property back. Winklevoss further attacked SEC, saying that although the conversation was ongoing, they were prepared to announce the complaint to the media without notifying the news media.
He added: "Unfortunately, they are all improving their political inclinations, rather than helping us promote the work of more than 340000 profitable consumers and other creditors."
In a series of original articles here, Winklevoss also mentioned that the program had been shut down for two months, and he did not see any urgency.
The American Stock Trading Federation announced that the Gemini income plan, supported by the Genesis loan program, should have applied for registration as a securities. In the lawsuit against Gemini and Genesis, SEC claimed that the Eain plan included an investment agreement and a document. According to the guidelines of the U.S. Stock and Exchange Commission, these two effects make the EARN program a kind of securities.
SEC has filed a lawsuit for permanent injunction relief, return and civil punishment for Genesis and Gemini.
Gemini and Genesis have been at a crossroads, with Gemini handing over more than $900 million in customer property to Genesis as part of a profit plan. However, when Genesis shuts down withdrawals after FTX crashes, it freezes the assets of users of the End program.
Taylor Winklevoss finally showed that they were looking forward to defending themselves against the "synthetic parking ticket."
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Tue, 18 Apr 2023