Last Friday, the Winklevoss twins asked a Manhattan federal court judge to dismiss the SEC lawsuit, according to a report by Reuters. “It was one bad actor and one bad company. And that wasn't a Gemini thing, that wasn't a Coinbase thing, that wasn’t Kraken thing, that wasn't a crypto thing. “The only thing that changed in the US, or that we can point to, is FTX happened. “The US … the best way to characterise it is that it's hostile to crypto right now,” Cameron Winklevoss told The National. Sam Bankman-Fried – in picturesįormer FTX chief executive Sam Bankman-Fried arrives on the day of his hearing at Manhattan federal court in New York. In November, Genesis Global Capital suspended redemptions, blaming the failure of cryptocurrency exchange FTX. In January, the SEC filed charges against Gemini and Genesis Global Capital for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending programme. Mr Bankman-Fried, the founder of FTX, was arrested in the Bahamas on December 12 after federal prosecutors in the US charged him with eight criminal counts – including conspiracy, wire fraud and money laundering – for allegedly misusing billions of dollars in customer funds before the $9 billion collapse of FTX and Alameda Research. Their plan to make Gemini a global company comes amid increased regulatory scrutiny in the US after the collapse of large crypto platforms such as Celsius Network, Three Arrows Capital and Sam Bankman-Fried's FTX, which filed for bankruptcy in the US on November 11. In April, Gemini also announced plans to set up an engineering centre in Gurugram, India, and are actively hiring in the region. Last Friday, IDA Ireland, the state agency for attracting foreign direct investment to the country, announced that the Winklevoss twins had chosen Dublin as Gemini’s European headquarters. (Not AI, just wavelength of the energy level, or what they call lighting) /2u7HxsCNN6- CZ 🔶 Binance May 29, 2023
On Monday, they met Binance founder and chief executive Changpeng Zhou in Dubai.
They were in Dubai and Abu Dhabi this week on the second leg of the tour, which has also seen them visit Ireland, the UK and Switzerland. The former Olympic rowers – who famously sued Facebook founder Mark Zuckerberg for stealing their HarvardConnection idea to create the world's biggest social media platform – are currently on a world tour to meet financial regulators and crypto stakeholders as part of their plans to make Gemini a global company. The principles will complement ADGM’s regulatory framework for spot virtual asset activities, the financial regulator said at the time. Last September, the Financial Services Regulatory Authority, the regulator of the ADGM, published guiding principles on its approach to virtual asset regulation and supervision to outline its expectations for the asset class and service providers in the sector.
Gemini exchange vs coinbase free#
It also established the Virtual Asset Regulatory Authority as an independent body to regulate the sector throughout the emirate, including special development zones and free zones, but excluding the Dubai International Financial Centre.
In March last year, Dubai adopted the Dubai Virtual Asset Regulation Law, which aims to create an advanced legal framework to protect investors and provide international standards for virtual asset industry governance that promotes responsible business growth in the emirate.
0 kommentar(er)
