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Gemini President: The Sec May Not Have Any Idea of the Future Regulatory Framework and Is Only Trying to Slow Down or Prevent Crypto Development Through Enforcement Actions

Cameron Winklevoss, co-founder and president of the cryptocurrency trading platform Gemini, said during the "Fireside Chat: Cameron and Tyler Winklevoss" session at Token2049 in Singapore:

"The company may be affected by misleading the public, and may get into big trouble, but the SEC doesn't seem to care. They actually have no vision for how to regulate the future, so they are just trying to slow down or stop future development through enforcement. So you have to ask yourself, why don't they make rules and regulations? I think it's because they actually don't know, they have no vision or concept of what the cryptocurrency market should be, and they can't keep up with the pace of cryptocurrency and artificial intelligence. They will soon become irrelevant."

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