News COINTELEGRAPH IN YOUR SOCIAL FEEDnotice shared by Gemini co-founder and president Cameron Winklevoss, the SEC said it had concluded its investigation and “based on the information we have as of this date,” the regulator will not recommend an enforcement action.

The SEC charged crypto lending firm Genesis Global Capital and crypto exchange Gemini with offering unregistered securities through Gemini’s “Earn” program on Jan. 12, 2023.

However, the agency added the notice isn’t an exoneration and that it must not be construed as an indication that no action will be taken at a later date as a result of the SEC’s investigation.

The SEC has opted not to proceed with an enforcement action against crypto exchange Gemini. Source: Cameron Winklevoss

Winklevoss said closing the investigation for now is of little consolation after the “damage this

Keep reading this article on Cointelegraph.com.

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