Gemini Cofounder Slams Gary Gensler Over XRP Lawsuit

Gemini Cofounder Slams Gary Gensler Over XRP Lawsuit

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.

Also Read: Curve Finance Says it Will Refund Affected Users in Post-Hack Update

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.

Also Read: Terra Luna Classic Proposal Is A “Make Or Break Moment”, How LUNC Price Will React?

Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at or

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!