Upon the relisting of XRP on the cryptocurrency exchange Gemini, the U.S. Securities and Exchange Commission (SEC) was criticized.
Upon the relisting of XRP on the crypto exchange Gemini, the U.S. Securities and Exchange Commission (SEC) was criticized for its stance on the cryptocurrency market.
Friday, Gemini co-founder Tyler Winklevoss stated that the United States deserves better when it comes to the regulation of cryptocurrencies. Due to the SEC’s litigation against Ripple, the exchange relisted the token after a three-year absence, according to reports.
The Gemini Founder’s Slam Craig Gensler
In response to relisting the token on the platform, the co-founder of Gemini, Tyler Winklevoss, harshly criticized Gensler for its anti-crypto enforcement actions. At a time when the SEC was suing everyone, he remarked that there were no clear regulations.
“$XRP is now available on Gemini. It is important to note how we got here. Instead of creating clear rules for crypto, the SEC has resorted to suing everyone. It lost its case against Ripple and a judge provided clarity when Gary Gensler wouldn’t. America deserves better.”
Seven fiat currencies are available for trading with XRP: USD, GBP, EUR, CAD, SGD, HKD, and AUD. In the meantime, the XRP price is steadily declining compared to its recent highs after the Ripple lawsuit Summary Judgment was issued on July 13, 2023.
