Imagine a big game where kids trade special digital coins. The rules of the game are still being written! A group called the SEC was looking into a company called Gemini that helps kids trade these coins. They decided to stop investigating, but Gemini isn't happy.
- The SEC stopped investigating Gemini, a company that helps trade crypto.
- Gemini says the SEC investigation cost them lots of money and time.
- The SEC also stopped looking into other crypto companies recently.
What Happened | Details |
---|---|
SEC Investigation | Ended without charges against Gemini. |
Gemini's Losses | Tens of millions of dollars in legal fees and hundreds of millions in lost opportunities. |
Other Companies | Similar investigations dropped against Uniswap, Robinhood Crypto, and OpenSea. |