With much of the financial world fixated on the prospect of a bitcoin exchange-traded fund, die US Securities and Exchange Commission (SEC) has reportedly denied the proposal from Gemini founders Cameron and Tyler Winklevoss.. 3-1 Against. The US Securities and Exchange Commission (SEC) has reportedly rejected the first-ever cryptocurrency ETF proposal from Cameron and Tyler Winklevoss — the ... Winklevoss: Crypto Doesn’t Need Rules, But… It’s no secret that the Winklevoss twins have been championing the ‘sanitization‘ of cryptocurrency. With their “fully regulated” Gemini exchange, their goal is to change the Wild West image of the fledgling industry that’s been plagued by exchange hacks, scams and fraudulent security offerings. Cryptocurrency exchange Gemini Trust Company LLC is expanding into the U.K. after being granted an electronic-money license from the Financial Conduct Authority. The Winklevoss twins were one of the first bitcoin billionaires, leaving out Satoshi Nakamoto who owns up to 4.7% of all bitcoins that will ever exist. Back when the twins were investing in bitcoins, there were few wallets and exchanges to hold coins, and those that were present were highly prone to hacking attempts. Cameron and Tyler Winklevoss Photographer: David Paul Morris/Bloomberg Photographer: David Paul Morris/Bloomberg Tyler and Cameron Winklevoss, whose fortunes have been on a roller coaster since they jostled with fellow student Mark Zuckerberg at Harvard University more than a decade ago, are once again billionaires thanks to a surge in the price of Bitcoin. Winklevoss twins Cameron and Tyler were again disappointed by Securities and Exchange Commission of the United States. SEC has explicitly rejected their proposal for the listing of the first ever Bitcoin ETF. The proposal was submitted in June and defeated in the vote whose tally was 3-1 by the commission. This is the second time […]
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