Claim $500Gemini Cofounder Slams Gary Gensler: “America Deserves Better”
Crypto News: On the occasion of the relisting of XRP on crypto exchange Gemini, the U.S. Securities and Exchange Commission (SEC) was targeted for its attitude towards the crypto market. On Friday, Tyler Winklevoss, the co-founder at Gemini, remarked that the United States deserves better when it comes to handling of rulemaking for crypto. Earlier, CoinGape reported that the exchange relisted the token after a gap of three years, over the SEC’s lawsuit against Ripple.
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Gemini Co-founder Slams Gary Gensler
Reacting to the occasion of the token relisting on the platform, the Gemini co-founder Tyler Winklevoss heavily criticized Gensler for resorting to the anti-crypto enforcement actions. He remarked that clear rules were not provided at a time when the SEC was suing everyone.
“$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.”
XRP is available for trading with as many as seven fiat currencies USD, GBP, EUR, CAD, SGD, HKD, and AUD. Meanwhile, the XRP price is on a steady downward curve compared to the recent highs it reached following the Ripple lawsuit Summary Judgment on July 13, 2023, when the United States based crypto exchanges Coinbase and Kraken announced immediate relisting of the token, whereas Gemini was late to resume XRP trading.
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